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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales:        
Net sales $ 174,738 $ 156,078 $ 511,231 $ 478,998
Cost of sales 131,582 119,008 389,072 367,529
Gross profit 43,156 37,070 122,159 111,469
Selling, general and administrative expenses 27,830 23,992 79,533 73,073
Income from operations 15,326 13,078 42,626 38,396
Interest expense (319) (392) (897) (1,360)
Interest income 44 66 129 179
Other income (expense), net 558 (234) 1,190 (656)
Income before income taxes 15,609 12,518 43,048 36,559
Provision for income taxes 4,276 3,943 12,978 11,855
Net Income 11,333 8,575 30,070 24,704
Net income per common share:        
Basic (in dollars per share) $ 0.94 $ 0.72 $ 2.50 $ 2.08
Diluted (in dollars per share) $ 0.93 $ 0.71 $ 2.47 $ 2.05
Average common shares:        
Basic (in shares) 12,069 11,903 12,040 11,887
Diluted (in shares) 12,229 12,056 12,196 12,047
Dividends declared (in dollars per share) $ 0.07 $ 0.06 $ 0.21 $ 0.18
North American Industrial
       
Net sales:        
Net sales 71,890 61,972 218,863 196,841
Income from operations 6,489 3,866 20,030 14,954
North American Agricultural
       
Net sales:        
Net sales 61,157 54,135 168,048 155,487
Income from operations 6,250 5,787 16,261 14,547
European
       
Net sales:        
Net sales 41,691 39,971 124,320 126,670
Income from operations $ 2,587 $ 3,425 $ 6,335 $ 8,895