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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales:      
Net sales: $ 879,577 $ 839,055 $ 682,090
Cost of sales 677,129 649,827 523,580
Gross profit 202,448 189,228 158,510
Selling, general and administrative expenses 135,920 126,564 107,773
Income from operations 66,528 62,664 50,737
Interest expense (6,724) (4,037) (1,161)
Interest income 189 211 186
Other income (expense), net 6,874 1,767 1,626
Income before income taxes 66,867 60,605 51,388
Provision for income taxes 23,658 19,454 15,294
Net income $ 43,209 $ 41,151 $ 36,094
Net income per common share:      
Basic (in dollars per share) $ 3.81 $ 3.47 $ 3.00
Diluted (in dollars per share) $ 3.76 $ 3.42 $ 2.96
Average common shares:      
Basic (in shares) 11,349 11,875 12,050
Diluted (in shares) 11,482 12,039 12,212
Industrial      
Net sales:      
Net sales: $ 498,761 $ 436,018 $ 297,857
Income from operations 42,194 39,377 25,743
Agricultural      
Net sales:      
Net sales: 208,257 214,326 219,354
Income from operations 17,295 11,714 17,880
European      
Net sales:      
Net sales: 172,559 188,711 164,879
Income from operations $ 7,039 $ 11,573 $ 7,114