XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
NET SALES $ 222,346 $ 176,888 $ 419,559 $ 336,048
COSTS OF OPERATIONS 197,133 155,609 371,749 296,342
GROSS PROFIT 25,213 21,279 47,810 39,706
OPERATING EXPENSES:        
Selling, general and administrative expenses 10,968 9,678 21,183 19,267
NON-OPERATING (INCOME) EXPENSES:        
Interest expense, net 721 484 1,389 904
Other (income) expense, net 57 627 311 (288)
Total expense, net 11,746 10,789 22,883 19,883
INCOME BEFORE INCOME TAXES 13,467 10,490 24,927 19,823
INCOME TAX PROVISION 2,784 2,890 5,584 5,553
NET INCOME $ 10,683 $ 7,600 $ 19,343 $ 14,270
BASIC INCOME PER COMMON SHARE (in dollars per share) $ 0.94 $ 0.67 $ 1.70 $ 1.25
DILUTED INCOME PER COMMON SHARE (in dollars per share) 0.94 0.67 1.70 1.25
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.18 $ 0.18 $ 0.36 $ 0.36
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (in shares) 11,400 11,384 11,400 11,384
Diluted (in shares) 11,400 11,393 11,400 11,393