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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 92,603 $ 100,257
Cost of products sold 71,408 77,360
Gross profit 21,195 22,897
Selling, general and administrative expenses 14,214 13,669
Operating income 6,981 9,228
Other income, net 339 31
Income before income taxes 7,320 9,259
Income taxes 2,255 2,977
Net income $ 5,065 $ 6,282
Earnings per share (in dollars per share) $ 0.19 $ 0.24
Cash dividends per share (in dollars per share) $ 0.115 $ 0.105
Average number of shares outstanding (in shares) 26,093,123 26,083,623