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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 134,561 $ 148,793 $ 261,867 [1] $ 274,019 [2]
Cost of sales 100,672 114,140 200,278 213,167
Gross profit 33,889 34,653 61,589 60,852
Selling, product development and administrative expenses 16,860 22,080 34,482 40,653
Operating income 17,029 12,573 27,107 [1] 20,199 [2]
Gain on sale of business     (18,647) 0
Interest expense 186 280 408 492
Other (income) expense, net 553 299 (469) 354
Income before income taxes 16,290 11,994 45,815 19,353
Income tax expense 5,473 3,754 16,061 7,397
Net income $ 10,817 $ 8,240 $ 29,754 $ 11,956
Earnings per share:        
Basic (usd per share) $ 0.65 $ 0.50 $ 1.78 $ 0.72
Diluted (usd per share) $ 0.64 $ 0.49 $ 1.74 $ 0.71
Weighted average number of common shares outstanding:        
Basic (in shares) 16,681 16,618 16,759 16,580
Diluted (in shares) 16,948 16,980 17,055 16,925
[1] Other Products and Services reports results for the period preceding the date of disposition of January 30, 2015.
[2] Industrial Filtration segment reports results for the period following the date of acquisition of February 20, 2014 through June 30, 2014.