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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings        
Net product sales $ 104,897 $ 104,259 $ 208,322 $ 207,621
Rental and royalty revenue 899 910 1,929 1,943
Total revenue 105,796 105,169 210,251 209,564
Product cost of goods sold 65,259 65,009 130,675 130,833
Rental and royalty cost 251 245 517 547
Total costs 65,510 65,254 131,192 131,380
Product gross margin 39,638 39,250 77,647 76,788
Rental and royalty gross margin 648 665 1,412 1,396
Total gross margin 40,286 39,915 79,059 78,184
Selling, marketing and administrative expenses 26,429 25,618 53,027 49,671
Earnings from operations 13,857 14,297 26,032 28,513
Other income (loss), net 2,465 2,239 4,444 2,204
Earnings before income taxes 16,322 16,536 30,476 30,717
Provision for income taxes 4,472 5,462 8,615 9,787
Net earnings 11,850 11,074 21,861 20,930
Less: Net earnings (loss) attributable to noncontrolling interests (45) (62) (85) (102)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 11,895 $ 11,136 $ 21,946 $ 21,032
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.19 $ 0.17 $ 0.35 $ 0.33
Dividends per share (in dollars per share) $ 0.09 $ 0.09 $ 0.18 $ 0.18
Average number of shares outstanding (in shares) 63,270 64,274 63,439 64,313
Retained earnings at beginning of period $ 3,405 $ 2,972 $ 43,833 $ 52,349
Net earnings attributable to Tootsie Roll Industries, Inc. 11,895 11,136 21,946 21,032
Cash dividends (5,685) (5,617) (11,240) (11,074)
Stock dividends [1]     (44,924) (53,816)
Retained earnings at end of period $ 9,615 $ 8,491 $ 9,615 $ 8,491
[1] Does not include 3% stock dividend to shareholders of record on 3/7/17 and 3/8/16.