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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales:        
Net sales $ 206,353 $ 178,064 $ 377,603 $ 336,493
Cost of sales 159,067 133,973 292,187 257,490
Gross profit 47,286 44,091 85,416 79,003
Selling, general and administrative expenses 32,490 26,530 59,989 51,703
Income from operations 14,796 17,561 25,427 27,300
Interest expense (1,044) (336) (1,283) (578)
Interest income 35 41 96 85
Other income, net 153 343 627 632
Income before income taxes 13,940 17,609 24,867 27,439
Provision for income taxes 4,745 5,822 8,434 8,702
Net Income 9,195 11,787 16,433 18,737
Net income per common share:        
Basic (in dollars per share) $ 0.76 $ 0.98 $ 1.36 $ 1.56
Diluted (in dollars per share) $ 0.75 $ 0.97 $ 1.34 $ 1.54
Average common shares:        
Basic (in shares) 12,097 12,044 12,090 12,025
Diluted (in shares) 12,276 12,200 12,273 12,179
Dividends declared (in dollars per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14
North American Industrial
       
Net sales:        
Net sales 105,082 77,639 182,396 146,973
Income from operations 10,128 8,344 16,428 13,541
North American Agricultural
       
Net sales:        
Net sales 52,631 57,255 102,476 106,891
Income from operations 2,375 7,375 4,790 10,011
European
       
Net sales:        
Net sales 48,640 43,170 92,731 82,629
Income from operations $ 2,293 $ 1,842 $ 4,209 $ 3,748