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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales:    
Total net sales $ 362,005 $ 311,189
Cost of sales 275,364 234,763
Gross profit 86,641 76,426
Selling, general and administrative expenses 53,635 47,330
Amortization expense 3,887 3,658
Income from operations 29,119 25,438
Interest expense (2,647) (2,613)
Interest income 72 288
Other income (expense), net (1,752) (630)
Income before income taxes 24,792 22,483
Provision for income taxes 6,322 5,021
Net Income $ 18,470 $ 17,462
Net income per common share:    
Basic (in dollars per share) $ 1.56 $ 1.48
Diluted (in dollars per share) $ 1.55 $ 1.47
Average common shares:    
Basic (in shares) 11,860 11,820
Diluted (in shares) 11,916 11,882
Dividends declared (in dollars per share) $ 0.18 $ 0.14
Vegetation Management    
Net sales:    
Total net sales $ 221,006 $ 183,884
Income from operations 18,334 16,750
Industrial Equipment    
Net sales:    
Total net sales 140,999 127,305
Income from operations $ 10,785 $ 8,688