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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Statement of Comprehensive Income [Abstract]        
Net sales $ 189,349 $ 196,934 $ 565,801 $ 609,099
Cost of goods sold 156,685 161,706 460,333 495,259
Gross profit 32,664 35,228 105,468 113,840
Operating expenses:        
Selling, general and administrative 17,803 19,525 57,505 64,548
Research & development expenses 1,179 1,240 3,751 3,989
Total operating expenses 18,982 20,765 61,256 68,537
Operating income 13,682 14,463 44,212 45,303
Interest expense, net 3,990 3,428 11,580 9,530
Foreign exchange loss (gain) 373 (531) (478) 409
Other (income), net (5) (14) (16) (42)
Income before income taxes 9,324 11,580 33,126 35,406
Provision (benefit) for income taxes 2,873 (2,510) 16,580 4,155
Net income 6,451 14,090 16,546 31,251
Net income attributable to participating common shareholders $ 6,417 $ 14,033 $ 16,474 $ 31,139
Income per participating share:        
Basic (in dollars per share) $ 0.33 $ 0.72 $ 0.84 $ 1.60
Diluted (in dollars per share) $ 0.32 $ 0.71 $ 0.83 $ 1.57
Weighted average participating shares outstanding:        
Basic (in shares) 19,583,316 19,525,284 19,575,764 19,511,097
Diluted (in shares) 19,785,045 19,838,962 19,740,262 19,790,570
Other comprehensive income (loss), net of tax:        
Change in interest rate swaps, (net of tax of $41, $0, $732, and $0) $ (122) $ 0 $ (2,195) $ 0
Change in pension and post-retirement plans, (net of tax of ($19), $16, $13, and $228) 288 (47) (426) 436
Other comprehensive income (loss), net of tax 166 (47) (2,621) 436 [1]
Comprehensive (loss) income $ 6,617 $ 14,043 $ 13,925 $ 31,687
[1] Includes the impact of ASU 2018-02, which transferred those amounts from accumulated other comprehensive income (loss) to retained earnings. See Note 16 to the Condensed Consolidated Financial Statements.