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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 376,701 $ 346,350 $ 266,814
Costs and expenses:      
Cost of goods sold 247,772 224,653 170,462
Selling and administrative expenses 107,282 96,710 70,592
Other periodic pension costs 1,962 385 1,224
Interest expense 4,399 3,207 802
361,415 324,955 243,080
Gain on sale of property, plant and equipment 1,048
Income before taxes on income 15,286 21,395 24,782
Income tax expense 3,220 4,420 9,760
Net income $ 12,066 $ 16,975 $ 15,022
Net income per share:      
Net income per share, basic (in dollars per share) $ 0.81 $ 1.14 $ 1.04
Net income per share, diluted (in dollars per share) $ 0.79 $ 1.10 $ 0.99
Weighted average number of shares outstanding during the period      
Weighted average number of shares outstanding during the period, basic (in shares) 14,945,165 14,937,786 14,510,156
Weighted average number of shares outstanding during the period, diluted (in shares) 15,266,408 15,472,133 15,118,768
Other comprehensive income (loss), net of tax:      
Recognition of net losses included in net periodic pension costs $ 968 $ 862 $ 652
Recognition of settlement loss included in net periodic pension costs 835 272
Current period loss 1,354 1,253 1,948
Gain (loss) on cash flow hedging activities 22 (203) 111
Foreign currency translation adjustments (74) 518 (20)
Other comprehensive income (loss) 501 (706) (1,115)
Comprehensive income $ 12,567 $ 16,269 $ 13,907
Cash dividends per common share (in dollars per share) $ 400 $ 390 $ 365