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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 526,697 $ 376,701 $ 346,350
Costs and expenses:      
Cost of goods sold 337,932 247,772 224,653
Selling and administrative expenses 136,515 107,282 96,710
Other periodic pension costs 955 1,962 385
Interest expense 2,003 4,399 3,207
Costs and Expenses, Excluding Gain on Sale of Property Plant and Equipment 477,405 361,415 324,955
Gain on sale of property, plant and equipment 2,164 0 0
Income before taxes on income 51,456 15,286 21,395
Income tax expense 10,430 3,220 4,420
Net income $ 41,026 $ 12,066 $ 16,975
Net income per share:      
Net income per share, basic (in dollars per share) $ 2.72 $ 0.81 $ 1.14
Net income per share, diluted (in dollars per share) $ 2.65 $ 0.79 $ 1.10
Weighted average shares outstanding during the period      
Weighted average number of shares outstanding during the period, basic (in shares) 15,075,134 14,945,165 14,937,786
Weighted average number of shares outstanding during the period, diluted (in shares) 15,508,420 15,266,408 15,472,133
Other comprehensive income (loss), net of tax:      
Recognition of net losses included in net periodic pension costs $ 940 $ 968 $ 862
Recognition of settlement loss included in net periodic pension costs 314 835 0
Current period loss (4,928) (1,354) (1,253)
Gain (loss) on cash flow hedging activities (22) (22) 203
Foreign currency translation adjustment (1,021) 74 (518)
Other comprehensive income (loss) (4,717) 501 (706)
Comprehensive income $ 36,309 $ 12,567 $ 16,269
Cash dividends per common share (in dollars per share) $ 400 $ 400 $ 390