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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales:    
Net sales $ 238,087 $ 215,389
Cost of sales 177,830 161,225
Gross profit 60,257 54,164
Selling, general and administrative expenses 38,896 33,913
Income from operations 21,361 20,251
Interest expense (1,337) (1,327)
Interest income 100 76
Other income (expense) (134) (358)
Income before income taxes 19,990 18,642
Provision for income taxes 5,407 6,475
Net Income $ 14,583 $ 12,167
Net income per common share:    
Basic (in dollars per share) $ 1.26 $ 1.06
Diluted (in dollars per share) $ 1.24 $ 1.05
Average common shares:    
Basic (in shares) 11,606 11,472
Diluted (in shares) 11,739 11,620
Dividends declared (in dollars per share) $ 0.11 $ 0.1000
Industrial    
Net sales:    
Net sales $ 132,167 $ 125,816
Income from operations 11,800 12,570
Agricultural    
Net sales:    
Net sales 58,647 51,777
Income from operations 5,253 4,859
European    
Net sales:    
Net sales 47,273 37,796
Income from operations $ 4,308 $ 2,822