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CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue $ 570,776 $ 471,063 $ 527,113
Costs 371,535 300,702 330,097
Gross Margin 199,241 170,361 197,016
Selling, marketing and administrative expenses 132,108 112,117 127,802
Earnings from operations 67,133 58,244 69,214
Other income, net 18,596 18,018 16,190
Earnings before income taxes 85,729 76,262 85,404
Provision for income taxes 20,421 17,288 20,565
Net earnings 65,308 58,974 64,839
Less: net earnings (loss) attributable to noncontrolling interests (18) (21) (81)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 65,326 $ 58,995 $ 64,920
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.97 $ 0.86 $ 0.94
Average number of shares outstanding (in shares) 67,431 68,482 69,386
Product      
Revenue $ 566,043 $ 467,427 $ 523,616
Costs 370,105 299,710 329,102
Gross Margin 195,938 167,717 194,514
Rental and Royalty      
Revenue 4,733 3,636 3,497
Costs 1,430 992 995
Gross Margin $ 3,303 $ 2,644 $ 2,502