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Interim Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales:        
Net sales $ 178,064 $ 167,009 $ 336,493 $ 322,920
Cost of sales 133,973 127,848 257,490 248,521
Gross profit 44,091 39,161 79,003 74,399
Selling, general and administrative expenses 26,530 24,836 51,703 49,081
Income from operations 17,561 14,325 27,300 25,318
Interest expense (336) (525) (578) (968)
Interest income 41 58 85 113
Other income (expense), net 343 152 632 (422)
Income before income taxes 17,609 14,010 27,439 24,041
Provision for income taxes 5,822 4,666 8,702 7,912
Net Income 11,787 9,344 18,737 16,129
Net income per common share:        
Basic (in dollars per share) $ 0.98 $ 0.79 $ 1.56 $ 1.36
Diluted (in dollars per share) $ 0.97 $ 0.77 $ 1.54 $ 1.34
Average common shares:        
Basic (in shares) 12,044 11,884 12,025 11,879
Diluted (in shares) 12,200 12,058 12,179 12,042
Dividends declared (in dollars per share) $ 0.07 $ 0.06 $ 0.14 $ 0.12
North American Industrial
       
Net sales:        
Net sales 77,639 70,137 146,973 134,869
Income from operations 8,344 6,247 13,541 11,086
North American Agricultural
       
Net sales:        
Net sales 57,255 53,081 106,891 101,352
Income from operations 7,375 5,459 10,011 8,762
European
       
Net sales:        
Net sales 43,170 43,791 82,629 86,699
Income from operations $ 1,842 $ 2,619 $ 3,748 $ 5,470