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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales:      
Net sales $ 1,334,223 $ 1,163,466 [1] $ 1,119,138 [1]
Cost of sales 999,709 869,736 [1] 845,647 [1]
Gross profit 334,514 293,730 [1] 273,491 [1]
Selling, general and administrative expenses 202,939 184,199 [1] 172,921 [1]
Amortization expense 14,637 14,746 [1] 5,658 [1]
Income from operations 116,938 94,785 [1] 94,912 [1]
Interest expense (10,533) (15,837) [1] (10,747) [1]
Interest income 1,149 1,366 [1] 1,229 [1]
Other income 1,944 (557) [1] (795) [1]
Income before income taxes 109,498 79,757 [1] 84,599 [1]
Provision for income taxes 29,253 21,953 [1] 21,496 [1]
Net income $ 80,245 $ 57,804 [1] $ 63,103 [2]
Net income per common share:      
Basic (in dollars per share) $ 6.78 $ 4.91 [1] $ 5.38 [1]
Diluted (in dollars per share) $ 6.75 $ 4.88 [1] $ 5.35 [1]
Average common shares:      
Basic (in shares) 11,837 11,782 [1] 11,729 [1]
Diluted (in shares) 11,896 11,845 [1] 11,800 [1]
Vegetation Management      
Net sales:      
Net sales $ 812,676 $ 654,630 [1] $ 502,194 [1]
Income from operations 78,917 46,651 34,035
Industrial Equipment      
Net sales:      
Net sales 521,547 508,836 [1] 616,944 [1]
Income from operations $ 38,021 $ 48,134 $ 60,877
[1] Years ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements. 
[2] Years ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Note 1 to the Consolidated Financial Statements.