XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 29, 2014
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings    
Net product sales $ 105,477us-gaap_SalesRevenueGoodsNet $ 106,812us-gaap_SalesRevenueGoodsNet
Rental and royalty revenue 844tr_RentalAndRoyaltyRevenue 970tr_RentalAndRoyaltyRevenue
Total revenue 106,321us-gaap_SalesRevenueNet 107,782us-gaap_SalesRevenueNet
Product cost of goods sold 67,145us-gaap_CostOfGoodsSold 66,865us-gaap_CostOfGoodsSold
Rental and royalty cost 228tr_RentalAndRoyaltyCosts 258tr_RentalAndRoyaltyCosts
Total costs 67,373us-gaap_CostOfGoodsAndServicesSold 67,123us-gaap_CostOfGoodsAndServicesSold
Product gross margin 38,332tr_ProductGrossProfit 39,947tr_ProductGrossProfit
Rental and royalty gross margin 616tr_RentalAndRoyaltyGrossProfit 712tr_RentalAndRoyaltyGrossProfit
Total gross margin 38,948us-gaap_GrossProfit 40,659us-gaap_GrossProfit
Selling, marketing and administrative expenses 25,984us-gaap_SellingGeneralAndAdministrativeExpense 25,631us-gaap_SellingGeneralAndAdministrativeExpense
Earnings from operations 12,964us-gaap_OperatingIncomeLoss 15,028us-gaap_OperatingIncomeLoss
Other income, net 473us-gaap_NonoperatingIncomeExpense 1,666us-gaap_NonoperatingIncomeExpense
Earnings before income taxes 13,437us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 16,694us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 4,334us-gaap_IncomeTaxExpenseBenefit 7,337us-gaap_IncomeTaxExpenseBenefit
Net earnings 9,103us-gaap_ProfitLoss 9,357us-gaap_ProfitLoss
Less: Net loss attributable to noncontrolling interests 51us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 224us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to Tootsie Roll Industries, Inc. 9,154us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 9,581us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.15us-gaap_EarningsPerShareBasic $ 0.15us-gaap_EarningsPerShareBasic
Dividends per share (in dollars per share) $ 0.08us-gaap_CommonStockDividendsPerShareCashPaid [1] $ 0.08us-gaap_CommonStockDividendsPerShareCashPaid [1]
Average number of shares outstanding (in shares) 61,831us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 62,610us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Retained earnings at beginning of period 64,927us-gaap_RetainedEarningsAccumulatedDeficit 73,109us-gaap_RetainedEarningsAccumulatedDeficit
Net earnings attributable to Tootsie Roll Industries, Inc. 9,154us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 9,581us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Cash dividends (4,800)us-gaap_DividendsCommonStockCash (4,715)us-gaap_DividendsCommonStockCash
Stock dividends (57,359)us-gaap_DividendsCommonStockStock (52,281)us-gaap_DividendsCommonStockStock
Retained earnings at end of period $ 11,922us-gaap_RetainedEarningsAccumulatedDeficit $ 25,694us-gaap_RetainedEarningsAccumulatedDeficit
[1] Does not include 3% stock dividend to shareholders of record on 4/10/15 and 4/4/14.