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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Sales $ 87,892 $ 82,174 $ 179,237 $ 159,365
Less: excise taxes 2,139 1,782 6,315 2,138
Net sales 85,753 80,392 172,922 157,227
Cost of sales [1] 66,928 64,861 135,056 124,650
Gross profit 18,825 15,531 37,866 32,577
Selling, general and administrative expenses 8,311 6,404 15,960 12,725
Operating income 10,514 9,127 21,906 19,852
Equity method investment earnings (loss) (819) 1,079 (348) 1,596
Interest expense, net (379) (328) (710) (639)
Income before income taxes 9,316 9,878 20,848 20,809
Income tax expense 2,947 3,570 5,801 7,442
Net income 6,369 6,308 15,047 13,367
Income attributable to participating securities 183 240 433 506
Net income attributable to common shareholders and used in EPS calculation $ 6,186 $ 6,068 $ 14,614 $ 12,861
Share information:        
Diluted weighted average common shares (in shares) 16,745,679 16,617,857 16,727,305 16,612,416
Basic and diluted earnings per common share (in usd per share) $ 0.37 $ 0.37 $ 0.87 $ 0.77
Dividends and dividend equivalents per common share (in usd per share) $ 0.04 $ 0 $ 0.08 $ 0.08
[1] Includes related party purchases of $9,180 and $6,698 for the quarters ended June 30, 2017 and 2016, respectively. Includes related party purchases of $18,425 and $12,939 for the year to date periods ended June 30, 2017 and 2016, respectively.