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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 433,947 $ 405,232 $ 383,977
Gross profit 103,533 123,397 118,080
Selling, general and administrative expenses 47,755 49,249 38,506
(Gain) loss on disposal of assets (12) 45 (20)
Income from operations 55,790 74,103 79,594
Interest income, net 196 298 292
Other (expense) income, net (47) 91 105
Income before taxes 55,939 74,492 79,991
Income tax provision 13,367 19,994 26,615
Net income $ 42,572 $ 54,498 $ 53,376
Earnings per share:      
Basic (usd per share) $ 0.81 $ 1.04 $ 1.01
Diluted (usd per share) 0.81 1.03 1.00
Cash dividends declared per common share $ 0.32 $ 0.26 $ 0.24
Weighted average shares outstanding:      
Basic 52,284,616 52,572,496 52,924,398
Diluted 52,667,939 53,078,734 53,449,754
Product      
Net sales $ 433,947 $ 405,232 $ 383,977
Cost of sales $ 330,414 $ 281,835 $ 265,897