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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales:    
Net sales $ 215,389 $ 210,971
Cost of sales 161,225 160,694
Gross profit 54,164 50,277
Selling, general and administrative expenses 34,063 33,988
Income from operations 20,101 16,289
Interest expense (1,327) (1,406)
Interest income 76 62
Other income (expense), net (208) (622)
Income before income taxes 18,642 14,323
Provision for income taxes 6,475 5,664
Net Income $ 12,167 $ 8,659
Net income per common share:    
Basic (in dollars per share) $ 1.06 $ 0.76
Diluted (in dollars per share) $ 1.05 $ 0.75
Average common shares:    
Basic (in shares) 11,472 11,389
Diluted (in shares) 11,620 11,507
Dividends declared (in dollars per share) $ 0.1000 $ 0.09000
Industrial    
Net sales:    
Net sales $ 125,816 $ 123,278
Income from operations 12,463 11,527
Agricultural    
Net sales:    
Net sales 51,777 48,662
Income from operations 4,816 2,759
European    
Net sales:    
Net sales 37,796 39,031
Income from operations $ 2,822 $ 2,003