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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings    
Net product sales $ 103,362 $ 105,477
Rental and royalty revenue 1,033 844
Total revenue 104,395 106,321
Product cost of goods sold 65,824 67,145
Rental and royalty cost 302 228
Total costs 66,126 67,373
Product gross margin 37,538 38,332
Rental and royalty gross margin 731 616
Total gross margin 38,269 38,948
Selling, marketing and administrative expenses 24,053 25,984
Earnings from operations 14,216 12,964
Other income (loss), net (35) 473
Earnings before income taxes 14,181 13,437
Provision for income taxes 4,325 4,334
Net earnings 9,856 9,103
Less: Net earnings (loss) attributable to noncontrolling interests (40) (51)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 9,896 $ 9,154
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.16 $ 0.14
Dividends per share (in dollars per share) $ 0.09 $ 0.08
Average number of shares outstanding (in shares) 62,499 63,645
Retained earnings at beginning of period $ 52,349 $ 64,927
Net earnings attributable to Tootsie Roll Industries, Inc. 9,896 9,154
Cash dividends (5,457) (4,800)
Stock dividends [1] (53,816) (57,359)
Retained earnings at end of period $ 2,972 $ 11,922
[1] Does not include 3% stock dividend to shareholders of record on 3/8/16 and 3/10/15.