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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 88,252 $ 85,753 $ 176,208 $ 172,922
Cost of sales [1] 68,811 66,928 137,816 135,056
Gross profit 19,441 18,825 38,392 37,866
Selling, general and administrative expenses (SG&A) 8,309 8,311 16,871 15,960
Operating income 11,132 10,514 21,521 21,906
Equity method investment loss 0 (819) 0 (348)
Interest expense, net (289) (379) (496) (710)
Income before income taxes 10,843 9,316 21,025 20,848
Income tax expense 3,316 2,947 4,571 5,801
Net income 7,527 6,369 16,454 15,047
Income attributable to participating securities 148 183 323 433
Net income attributable to common shareholders and used in EPS calculation $ 7,379 $ 6,186 $ 16,131 $ 14,614
Share information:        
Basic and diluted weighted average common shares (in shares) 16,869,481 16,745,679 16,856,423 16,727,305
Basic and diluted earnings per common share (in dollars per share) $ 0.44 $ 0.37 $ 0.96 $ 0.87
Dividends and dividend equivalents per common share (in dollars per share) $ 0.08 $ 0.04 $ 0.16 $ 0.08
[1] Includes related party purchases of $0 and $9,180 for the quarters ended June 30, 2018 and 2017, respectively. Includes related party purchases of $0 and $18,425 for the year-to-date periods ended June 30, 2018 and 2017, respectively.