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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 376,089 $ 347,448 $ 318,263
Cost of sales [1] 292,490 271,432 252,980
Gross profit 83,599 76,016 65,283
Selling, general, and administrative expenses 33,451 33,107 26,693
Other operating income, net 0 0 (3,385)
Operating income 50,148 42,909 41,975
Gain on sale of equity method investment (Note 4) 0 11,381 0
Equity method investment earnings (loss) (Note 4) 0 (348) 4,036
Interest expense, net (1,168) (1,184) (1,294)
Income before income taxes 48,980 52,758 44,717
Income tax expense (Note 6) 11,696 10,935 13,533
Net income 37,284 41,823 31,184
Income attributable to participating securities 708 996 954
Net income attributable to common shareholders and used in Earnings Per Share calculation (Note 7) $ 36,576 $ 40,827 $ 30,230
Share information      
Basic and diluted weighted average common shares (in shares) 16,866,176 16,746,731 16,643,811
Basic and diluted EPS (in dollars per share) $ 2.17 $ 2.44 $ 1.82
Dividends and dividend equivalents per common share (in dollars per share) $ 0.32 $ 1.01 $ 0.12
[1] Includes related party purchases of $0, and $18,425, $29,596 for the years ended December 31, 2018, 2017, and 2016, respectively.