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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales:      
Net sales: $ 912,380 $ 844,748 $ 879,577
Cost of sales 677,687 639,649 677,129
Gross profit 234,693 205,099 202,448
Selling, general and administrative expenses 145,955 137,479 135,920
Income from operations 88,738 67,620 66,528
Interest expense (4,839) (5,914) (6,724)
Interest income 336 214 189
Other income (1,868) 269 6,874
Income before income taxes 82,367 62,189 66,867
Provision for income taxes 38,052 22,144 23,658
Net income $ 44,315 $ 40,045 $ 43,209
Net income per common share:      
Basic (in dollars per share) $ 3.84 $ 3.50 $ 3.81
Diluted (in dollars per share) $ 3.79 $ 3.46 $ 3.76
Average common shares:      
Basic (in shares) 11,549 11,434 11,349
Diluted (in shares) 11,682 11,565 11,482
Industrial      
Net sales:      
Net sales: $ 522,706 $ 484,088 $ 498,761
Income from operations 51,914 35,984 42,194
Agricultural      
Net sales:      
Net sales: 227,389 205,834 208,257
Income from operations 24,059 20,720 17,295
European      
Net sales:      
Net sales: 162,285 154,826 172,559
Income from operations $ 12,765 $ 10,916 $ 7,039