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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales:    
Total net sales $ 411,771 $ 362,005
Cost of sales 299,264 275,364
Gross profit 112,507 86,641
Selling, general and administrative expenses 59,668 53,635
Amortization expense 3,815 3,887
Income from operations 49,024 29,119
Interest expense (5,940) (2,647)
Interest income 383 72
Other income (expense), net 1,002 (1,752)
Income before income taxes 44,469 24,792
Provision for income taxes 11,120 6,322
Net Income $ 33,349 $ 18,470
Net income per common share:    
Basic (in dollars per share) $ 2.80 $ 1.56
Diluted (in dollars per share) $ 2.79 $ 1.55
Average common shares:    
Basic (in shares) 11,899 11,860
Diluted (in shares) 11,962 11,916
Dividends declared (in dollars per share) $ 0.22 $ 0.18
Vegetation Management    
Net sales:    
Total net sales $ 256,435 $ 221,006
Income from operations 36,508 18,334
Industrial Equipment    
Net sales:    
Total net sales 155,336 140,999
Income from operations $ 12,516 $ 10,785