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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales:        
Net sales $ 233,175 $ 174,738 $ 610,778 $ 511,231
Cost of sales 177,735 131,582 469,922 389,072
Gross profit 55,440 43,156 140,856 122,159
Selling, general and administrative expenses 33,914 27,830 93,903 79,533
Income from operations 21,526 15,326 46,953 42,626
Interest expense (1,497) (319) (2,780) (897)
Interest income 41 44 137 129
Other income, net 421 558 1,048 1,190
Income before income taxes 20,491 15,609 45,358 43,048
Provision for income taxes 7,124 4,276 15,558 12,978
Net Income 13,367 11,333 29,800 30,070
Net income per common share:        
Basic (in dollars per share) $ 1.11 $ 0.94 $ 2.47 $ 2.50
Diluted (in dollars per share) $ 1.10 $ 0.93 $ 2.43 $ 2.47
Average common shares:        
Basic (in shares) 12,050 12,069 12,077 12,040
Diluted (in shares) 12,206 12,229 12,251 12,196
Dividends declared (in dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21
North American Industrial
       
Net sales:        
Net sales 125,952 71,890 308,348 218,863
Income from operations 12,201 6,489 28,629 20,030
North American Agricultural
       
Net sales:        
Net sales 57,668 61,157 160,144 168,048
Income from operations 4,594 6,250 9,384 16,261
European
       
Net sales:        
Net sales 49,555 41,691 142,286 124,320
Income from operations $ 4,731 $ 2,587 $ 8,940 $ 6,335