XML 27 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 397,550 $ 326,429 $ 192,803
Cost of products sold 252,627 215,734 133,412
Gross profit 144,923 110,695 59,391
Costs and expenses:      
General and administrative expenses 37,976 38,452 27,135
Selling and distribution expenses 27,475 22,761 18,589
Amortization of purchased intangible assets 1,544 2,944 4,060
Restructuring expenses, net and asset impairments 19,503 1,114 4,283
Anti-dumping duty penalties 0 8,000 0
Goodwill impairment charge 0 0 17,584
Total costs and expenses 86,498 73,271 71,651
Operating income (loss) 58,425 37,424 (12,260)
Other expense:      
Other expense, net (169) (1,202) (1,376)
Interest expense, net (1,554) (1,615) (1,648)
Income (loss) before income taxes 56,702 34,607 (15,284)
Income tax provision 22,661 4,134 3,569
Net income (loss) $ 34,041 $ 30,473 $ (18,853)
Net income (loss) per share:      
Basic (in dollars per share) $ 2.29 $ 2.05 $ (1.31)
Diluted (in dollars per share) $ 2.28 $ 2.04 $ (1.31)
Weighted-average shares outstanding:      
Basic (in shares) 14,579,608 14,529,745 14,346,851
Diluted (in shares) 14,655,350 14,620,635 14,346,851
Dividends declared per common share (in dollars per share) $ 0.29 $ 0.08 $ 0.08