XML 16 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 265,299 $ 304,802 $ 554,147 $ 630,582
Cost of sales 205,684 221,485 420,511 470,415
Gross profit 59,615 83,317 133,636 160,167
Selling, general, administrative and engineering expenses 42,762 52,792 98,929 110,951
Restructuring and asset impairment charges 5,994 44 8,705 556
Income from operations 10,859 30,481 26,002 48,660
Interest expense (120) (484) (157) (1,131)
Other income, net of expenses 434 372 668 839
Income from operations before income taxes 11,173 30,369 26,513 48,368
Income tax provision (benefit) 1,868 7,008 (3,275) 10,789
Net income 9,305 23,361 29,788 37,579
Net (income) loss attributable to non-controlling interest (47) 16 114 72
Net income attributable to controlling interest $ 9,258 $ 23,377 $ 29,902 $ 37,651
Net income attributable to controlling interest:        
Basic (in dollars per share) $ 0.41 $ 1.04 $ 1.33 $ 1.67
Diluted (in dollars per share) $ 0.41 $ 1.03 $ 1.32 $ 1.66
Weighted average number of common shares outstanding:        
Basic (in shares) 22,584 22,509 22,567 22,503
Diluted (in shares) 22,711 22,667 22,715 22,656
Dividends declared per common share (in dollars per share) $ 0.11 $ 0.11 $ 0.22 $ 0.22