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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Sales $ 91,345 $ 77,191
Less: excise taxes 4,176 356
Net sales 87,169 76,835
Cost of sales [1] 68,128 59,789
Gross profit 19,041 17,046
Selling, general and administrative expenses 7,649 6,321
Operating income 11,392 10,725
Equity method investment earnings 471 517
Interest expense, net (331) (311)
Income before income taxes 11,532 10,931
Income tax expense 2,854 3,872
Net income 8,678 7,059
Income attributable to participating securities 250 270
Net income attributable to common shareholders and used in EPS calculation (Note 5) $ 8,428 $ 6,789
Share information:    
Basic and diluted weighted average common shares (in shares) 16,712,578 16,607,074
Basic and diluted earnings per share (in usd per share) $ 0.50 $ 0.41
Dividends and dividend equivalents per common share (in usd per share) $ 0.04 $ 0.08
[1] Includes related party purchases of $9,245 and $6,241 for the quarters ended March 31, 2017 and 2016, respectively.