XML 56 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Interim Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales:        
Net sales $ 215,734 $ 207,751 $ 423,532 $ 380,361
Cost of sales 165,069 160,465 327,330 294,945
Gross profit 50,665 47,286 96,202 85,416
Selling, general and administrative expenses 34,230 32,490 67,639 59,989
Income from operations 16,435 14,796 28,563 25,427
Interest expense (1,848) (1,044) (3,471) (1,283)
Interest income 41 35 93 96
Other income, net 488 153 1,348 627
Income before income taxes 15,116 13,940 26,533 24,867
Provision for income taxes 5,406 4,745 9,464 8,434
Net Income $ 9,710 $ 9,195 $ 17,069 $ 16,433
Net income per common share:        
Basic (in dollars per share) $ 0.86 $ 0.76 $ 1.51 $ 1.36
Diluted (in dollars per share) $ 0.84 $ 0.75 $ 1.49 $ 1.34
Average common shares:        
Basic (in shares) 11,352 12,097 11,316 12,090
Diluted (in shares) 11,498 12,276 11,467 12,273
Dividends declared (in dollars per share) $ 0.08000 $ 0.07000 $ 0.16000 $ 0.14000
North American Industrial        
Net sales:        
Net sales $ 118,521 $ 105,476 $ 235,433 $ 183,187
Income from operations 10,100 10,128 19,437 16,428
North American Agricultural        
Net sales:        
Net sales 52,981 53,635 101,438 104,443
Income from operations 3,722 2,375 4,514 4,790
European        
Net sales:        
Net sales 44,232 48,640 86,661 92,731
Income from operations $ 2,613 $ 2,293 $ 4,612 $ 4,209