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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales:        
Total net sales $ 368,793 $ 338,311 $ 1,127,012 $ 997,050
Cost of sales 276,428 252,015 848,289 746,188
Gross profit 92,365 86,296 278,723 250,862
Selling, general and administrative expenses 52,723 52,586 161,367 150,803
Amortization expense 3,802 3,667 11,481 10,988
Income from operations 35,840 30,043 105,875 89,071
Interest expense (3,734) (2,660) (9,570) (8,127)
Interest income 93 296 222 877
Other income (expense), net 1,413 36 (473) 2,659
Income before income taxes 33,612 27,715 96,054 84,480
Provision for income taxes 7,791 10,196 23,291 23,462
Net Income $ 25,821 $ 17,519 $ 72,763 $ 61,018
Net income per common share:        
Basic (in dollars per share) $ 2.18 $ 1.48 $ 6.13 $ 5.16
Diluted (in dollars per share) $ 2.16 $ 1.47 $ 6.10 $ 5.13
Average common shares:        
Basic (in shares) 11,883 11,842 11,875 11,835
Diluted (in shares) 11,941 11,900 11,932 11,895
Dividends declared (in dollars per share) $ 0.18 $ 0.14 $ 0.54 $ 0.42
Vegetation Management        
Net sales:        
Total net sales $ 228,511 $ 209,796 $ 704,520 $ 608,345
Income from operations 27,130 21,375 78,261 60,789
Industrial Equipment        
Net sales:        
Total net sales 140,282 128,515 422,492 388,705
Income from operations $ 8,710 $ 8,668 $ 27,614 $ 28,282