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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Sales $ 83,711 $ 83,880 $ 243,076 $ 260,815
Less: excise taxes 3,820 3,552 5,958 14,720
Net sales 79,891 80,328 237,118 246,095
Cost of sales [1] 64,770 68,466 189,420 203,317
Gross profit 15,121 11,862 47,698 42,778
Selling, general and administrative expenses 6,981 5,497 19,706 20,002
Other operating income, net (3,385) 0 (3,385) 0
Operating income 11,525 6,365 31,377 22,776
Equity method investment earnings 664 1,562 2,260 6,010
Interest expense, net (341) (114) (980) (374)
Income before income taxes 11,848 7,813 32,657 28,412
Income tax expense 2,316 1,042 9,758 8,700
Net income 9,532 6,771 22,899 19,712
Income attributable to participating securities 294 222 711 653
Net income attributable to common shareholders and used in EPS calculation (Note 3) $ 9,238 $ 6,549 $ 22,188 $ 19,059
Share information:        
Diluted weighted average common shares 16,653,717 17,155,072 16,626,024 17,316,649
Basic and diluted earnings per share (in usd per share) $ 0.55 $ 0.38 $ 1.33 $ 1.10
Dividends and dividend equivalents per common share (in usd per share) $ 0.02 $ 0 $ 0.10 $ 0.06
[1] Includes related party purchases of $6,700 and $11,372 for the quarters ended September 30, 2016 and 2015, respectively. Includes related party purchases of $19,639 and $33,503 for the year to date periods ended September 30, 2016 and 2015, respectively.