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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 102,893 $ 93,976 $ 311,324 $ 284,451
Cost of products sold 75,566 67,518 227,926 208,496
Gross profit 27,327 26,458 83,398 75,955
Selling, general and administrative expenses 14,207 14,122 43,435 41,800
Impairment of goodwill and other intangible assets 4,098 4,098
Operating income 13,120 8,238 39,963 30,057
Other income (expense), net 532 (281) (1,069) (2,973)
Income before income taxes 13,652 7,957 38,894 27,084
Income taxes 2,951 2,255 8,403 8,469
Net income $ 10,701 $ 5,702 $ 30,491 $ 18,615
Earnings per share (in dollars per share) $ 0.41 $ 0.22 $ 1.17 $ 0.71
Cash dividends per share (in dollars per share) $ 0.125 $ 0.115 $ 0.375 $ 0.345
Average number of shares outstanding (in shares) 26,117,045 26,106,623 26,110,484 26,098,925