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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales:    
Total net sales $ 425,586 $ 411,771
Cost of sales 313,954 299,264
Gross profit 111,632 112,507
Selling, general and administrative expenses 60,594 59,668
Amortization expense 4,059 3,815
Income from operations 46,979 49,024
Interest expense (6,091) (5,940)
Interest income 801 383
Other income (expense), net 98 1,002
Income before income taxes 41,787 44,469
Provision for income taxes 9,667 11,120
Net Income $ 32,120 $ 33,349
Net income per common share:    
Basic (in dollars per share) $ 2.69 $ 2.80
Diluted (in dollars per share) $ 2.67 $ 2.79
Average common shares:    
Basic (in shares) 11,944 11,899
Diluted (in shares) 12,020 11,962
Dividends declared (in dollars per share) $ 0.26 $ 0.22
Vegetation Management    
Net sales:    
Total net sales $ 223,747 $ 256,435
Income from operations 21,679 36,508
Industrial Equipment    
Net sales:    
Total net sales 201,839 155,336
Income from operations $ 25,300 $ 12,516