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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales [1] $ 312,729 $ 288,977 $ 595,107 $ 527,888
Cost of sales 222,063 201,901 420,331 367,816
Gross profit 90,666 87,076 174,776 160,072
Selling, general and administrative expenses 60,076 54,758 117,436 107,756
Restructuring and integration expenses 1,235 771 2,782 1,012
Other income, net 314 297 630 559
Operating income 29,669 31,844 55,188 51,863
Other non-operating income, net 740 265 1,563 598
Interest expense 722 394 1,190 705
Earnings from continuing operations before taxes 29,687 31,715 55,561 51,756
Provision for income taxes 11,426 11,853 20,933 19,238
Earnings from continuing operations 18,261 19,862 34,628 32,518
Loss from discontinued operations, net of income taxes (497) (618) (1,130) (1,070)
Net earnings $ 17,764 $ 19,244 $ 33,498 $ 31,448
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.80 $ 0.87 $ 1.52 $ 1.43
Discontinued operations (in dollars per share) (0.02) (0.02) (0.05) (0.04)
Net earnings per common share - Basic (in dollars per share) 0.78 0.85 1.47 1.39
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) 0.78 0.86 1.48 1.41
Discontinued operations (in dollars per share) (0.02) (0.02) (0.04) (0.04)
Net earnings per common share - Diluted (in dollars per share) 0.76 0.84 1.44 1.37
Dividend declared per share (in dollars per share) $ 0.19 $ 0.17 $ 0.38 $ 0.34
Average number of common shares (in shares) 22,820,079 22,705,310 22,833,263 22,673,811
Average number of common shares and dilutive common shares (in shares) 23,329,082 23,018,730 23,332,480 22,988,502
[1] Segment net sales includes intersegment sales in our Engine Management and Temperature Control segments.