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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Sales $ 83,880 $ 83,966 $ 260,815 $ 254,451
Less: excise taxes 3,552 6,451 14,720 17,373
Net sales 80,328 77,515 246,095 237,078
Cost of sales [1] 68,466 70,204 203,317 214,658
Gross profit 11,862 7,311 42,778 22,420
Selling, general and administrative expenses 5,497 4,967 20,002 15,205
Insurance recoveries (Note 6) 0 (1,293) 0 (1,223)
Income from operations 6,365 3,637 22,776 8,438
Interest expense, net (114) (199) (374) (615)
Equity method investment earnings (Note 2) 1,562 1,621 6,010 7,287
Income before income taxes 7,813 5,059 28,412 15,110
Provision (benefit) for income taxes 1,042 (1,169) 8,700 (1,002)
Net income 6,771 6,228 19,712 16,112
Other comprehensive income (loss), net of tax (15) (123) 243 202
Comprehensive income $ 6,756 $ 6,105 $ 19,955 $ 16,314
Basic and diluted earnings per share (in usd per share) $ 0.38 $ 0.34 $ 1.10 $ 0.89
Dividends and dividend equivalents per common share (in usd per share) $ 0 $ 0 $ 0.06 $ 0.05
[1] Includes related party purchases of $8,929 and $10,079 for the quarters ended September 30, 2015 and 2014, respectively. Includes related party purchases of $28,366 and $26,220 for the year to date periods ended September 30, 2015 and 2014. See Note 2. Equity Method Investments.