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Interim Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales:        
Net sales $ 156,078 $ 155,057 $ 478,998 $ 456,596
Cost of sales 119,008 117,834 367,529 350,081
Gross profit 37,070 37,223 111,469 106,515
Selling, general and administrative expense 23,992 22,762 73,073 69,007
Income from operations 13,078 14,461 38,396 37,508
Interest expense (392) (506) (1,360) (1,715)
Interest income 66 32 179 156
Other income (expense), net (234) 817 (656) 595
Income before income taxes 12,518 14,804 36,559 36,544
Provision for income taxes 3,943 4,748 11,855 11,907
Net Income 8,575 10,056 24,704 24,637
Net income per common share:        
Basic (in dollars per share) $ 0.72 $ 0.85 $ 2.08 $ 2.08
Diluted (in dollars per share) $ 0.71 $ 0.84 $ 2.05 $ 2.06
Average common shares:        
Basic (in shares) 11,903 11,857 11,887 11,845
Diluted (in shares) 12,056 11,947 12,047 11,964
Dividends declared (in dollars per share) $ 0.06 $ 0.06 $ 0.18 $ 0.18
North American Industrial
       
Net sales:        
Net sales 61,972 56,965 196,841 165,319
Income from operations 3,866 4,146 14,954 12,248
North American Agricultural
       
Net sales:        
Net sales 54,135 55,301 155,487 160,510
Income from operations 5,787 6,432 14,547 15,203
European
       
Net sales:        
Net sales 39,971 42,791 126,670 130,767
Income from operations $ 3,425 $ 3,883 $ 8,895 $ 10,057