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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Sales $ 358,132 $ 328,081 $ 345,887
Less: excise taxes 10,684 9,818 18,283
Net sales 347,448 318,263 327,604
Cost of sales [1] 271,432 252,980 269,071
Gross profit 76,016 65,283 58,533
Selling, general, and administrative (SG&A) expenses 33,107 26,693 25,683
Other operating income, net 0 (3,385) 0
Operating income 42,909 41,975 32,850
Gain on sale of equity method investment (Note 3) 11,381 0 0
Equity method investment earnings (loss) (Note 3) (348) 4,036 6,102
Interest expense, net (1,184) (1,294) (534)
Income before income taxes 52,758 44,717 38,418
Income tax expense (Note 6) 10,935 13,533 12,227
Net income 41,823 31,184 26,191
Income attributable to participating securities 996 954 873
Net income attributable to common shareholders and used in Earnings Per Share (EPS) calculation (Note 7) $ 40,827 $ 30,230 $ 25,318
Share information      
Basic and diluted weighted average common shares (in shares) 16,746,731 16,643,811 17,123,556
Basic and diluted earnings per share (in dollars per share) $ 2.44 $ 1.82 $ 1.48
Dividends and dividend equivalents per common share (in dollars per share) $ 1.01 $ 0.12 $ 0.06
[1] Includes related party purchases of $18,425, and $29,596, $40,206 for the years ended December 31, 2017, 2016, and 2015, respectively.