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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales:        
Total net sales $ 401,301 $ 419,644 $ 1,243,190 $ 1,272,109
Cost of sales 300,414 305,501 922,490 927,385
Gross profit 100,887 114,143 320,700 344,724
Selling, general and administrative expenses 56,747 60,564 178,158 180,090
Amortization expense 4,061 3,826 12,175 11,465
Income from operations 40,079 49,753 130,367 153,169
Interest expense (4,886) (6,729) (17,075) (19,506)
Interest income 562 385 1,877 1,125
Other income (expense), net (32) 138 1 94
Income before income taxes 35,723 43,547 115,170 134,882
Provision for income taxes 8,318 8,632 27,321 30,244
Net Income $ 27,405 $ 34,915 $ 87,849 $ 104,638
Net income per common share:        
Basic (in dollars per share) $ 2.29 $ 2.93 $ 7.34 $ 8.78
Diluted (in dollars per share) $ 2.28 $ 2.91 $ 7.30 $ 8.73
Average common shares:        
Basic (in shares) 11,977 11,928 11,965 11,916
Diluted (in shares) 12,041 11,996 12,035 11,983
Dividends declared (in dollars per share) $ 0.26 $ 0.22 $ 0.78 $ 0.66
Vegetation Management        
Net sales:        
Total net sales $ 190,115 $ 246,902 $ 625,397 $ 764,683
Income from operations 12,404 30,251 50,089 102,320
Industrial Equipment        
Net sales:        
Total net sales 211,186 172,742 617,793 507,426
Income from operations $ 27,675 $ 19,502 $ 80,278 $ 50,849