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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales:    
Total net sales $ 311,189 $ 314,448
Cost of sales 234,763 235,508
Gross profit 76,426 78,940
Selling, general and administrative expenses 47,330 51,248
Amortization expense 3,658 3,836
Income from operations 25,438 23,856
Interest expense (2,613) (5,519)
Interest income 288 356
Other income (expense), net (630) 2,341
Income before income taxes 22,483 21,034
Provision for income taxes 5,021 5,506
Net Income $ 17,462 $ 15,528
Net income per common share:    
Basic (in dollars per share) $ 1.48 $ 1.32
Diluted (in dollars per share) $ 1.47 $ 1.31
Average common shares:    
Basic (in shares) 11,820 11,761
Diluted (in shares) 11,882 11,827
Dividends declared (in dollars per share) $ 0.14 $ 0.13
Industrial    
Net sales:    
Total net sales $ 211,911 $ 229,975
Income from operations 16,091 18,123
Agricultural    
Net sales:    
Total net sales 99,278 84,473
Income from operations $ 9,347 $ 5,733