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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings        
Net product sales $ 185,473 $ 183,806 $ 393,094 $ 396,811
Rental and royalty revenue 884 819 2,827 2,571
Total revenue 186,357 184,625 395,921 399,382
Product cost of goods sold 114,748 117,046 245,581 252,924
Rental and royalty cost 235 213 782 671
Total costs 114,983 117,259 246,363 253,595
Product gross margin 70,725 66,760 147,513 143,887
Rental and royalty gross margin 649 606 2,045 1,900
Total gross margin 71,374 67,366 149,558 145,787
Selling, marketing and administrative expenses 32,101 26,338 81,772 78,161
Earnings from operations 39,273 41,028 67,786 67,626
Other income (loss), net 1,943 (2,879) 4,147 (1,085)
Earnings before income taxes 41,216 38,149 71,933 66,541
Provision for income taxes 12,619 12,008 22,406 20,077
Net earnings 28,597 26,141 49,527 46,464
Less: Net earnings (loss) attributable to noncontrolling interests (40) (30) (142) 80
Net earnings attributable to Tootsie Roll Industries, Inc. $ 28,637 $ 26,171 $ 49,669 $ 46,384
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.46 $ 0.41 $ 0.80 $ 0.73
Dividends per share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.26
Average number of shares outstanding (in shares) 62,174 63,172 62,358 63,408
Retained earnings at beginning of period $ 8,491 $ 17,454 $ 52,349 $ 64,927
Net earnings attributable to Tootsie Roll Industries, Inc. 28,637 26,171 49,669 46,384
Cash dividends (5,571) (5,502) (16,645) (15,829)
Stock dividends [1]     (53,816) (57,359)
Retained earnings at end of period $ 31,557 $ 38,123 $ 31,557 $ 38,123
[1] Does not include 3% stock dividend to shareholders of record on 3/8/16 and 3/10/15.