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Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Gross sales $ 491,538 $ 433,856 $ 374,150
Commissions, allowances and rebates 2,369 1,949 2,306
Net sales 489,169 431,907 371,844
Other revenue, net 1,475 1,419 2,769
Net revenues 490,644 433,326 374,613
Cost of goods sold 286,419 256,361 250,815
Gross profit 204,225 176,965 123,798
Selling, general and administrative expenses 60,422 57,867 52,489
Research and development expenses 14,292 12,540 13,075
Restructuring expenses 1,158 15,573
Operating expenses 75,872 85,980 65,564
Loss on voluntary pension settlement 7,170
Gain on sale of asset (1,234)
Operating profit 128,353 90,985 52,298
Other expenses/(income)      
Interest expense, net 717 1,699 2,174
Equity in losses of partially-owned affiliates 4,623
Other expenses/(income), net 97 (279) (5)
Income before income taxes 127,539 89,565 45,506
Provision/(benefit) for income taxes 40,214 32,389 (12,627)
Income from continuing operations 87,325 57,176 58,133
(Loss)/income from discontinued operations, net of tax (5,647) 41 (830)
Net income $ 81,678 $ 57,217 $ 57,303
Basic earnings per share      
Income from continuing operations (in dollars per share) $ 2.72 $ 1.82 $ 1.89
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.17) 0 (0.03)
Net income (in dollars per share) 2.55 1.82 1.86
Diluted earnings per share      
Income from continuing operations (in dollars per share) 2.65 1.76 1.84
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.17) 0 (0.03)
Net income (in dollars per share) $ 2.48 $ 1.76 $ 1.81
Weighted average shares outstanding:      
Basic weighted average shares outstanding (in shares) 32,086 31,420 30,763
Effect of dilutive stock based compensation (in shares) 883 1,135 880
Diluted weighted average shares outstanding (in shares) 32,969 32,555 31,643