XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 173,355 $ 161,554 $ 347,791 $ 318,583
Cost of sales 117,975 107,636 237,080 215,570
Gross margin 55,380 53,918 110,711 103,013
Operating expenses:        
Selling expenses 13,836 15,494 29,266 29,620
Research and development expenses 2,569 2,852 5,269 5,747
General and administrative expenses 12,058 9,170 22,981 14,764
Total operating expenses 28,463 27,516 57,516 50,131
Earnings from operations 26,917 26,402 53,195 52,882
Other expenses:        
Interest expense, net 960 1,488 2,656 3,077
Other, net (16) 33 76 131
Total other expenses (income) 944 1,521 2,732 3,208
Earnings before income tax expense 25,973 24,881 50,463 49,674
Income tax expense 4,848 5,052 9,570 11,062
Net earnings $ 21,125 $ 19,829 $ 40,893 $ 38,612
Net earnings per common share - basic (in dollars per share) $ 0.66 $ 0.62 $ 1.27 $ 1.20
Net earnings per common share - diluted (in dollars per share) $ 0.65 $ 0.61 $ 1.26 $ 1.19