XML 14 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings      
Net product sales $ 517,373 $ 536,692 $ 539,895
Rental and royalty revenue 3,727 3,420 3,630
Total revenue 521,100 540,112 543,525
Product cost of goods sold 320,290 340,090 340,933
Rental and royalty cost 1,019 889 947
Total costs 321,309 340,979 341,880
Product gross margin 197,083 196,602 198,962
Rental and royalty gross margin 2,708 2,531 2,683
Total gross margin 199,791 199,133 201,645
Selling, marketing and administrative expenses 107,377 108,051 117,722
Earnings from operations 92,414 91,082 83,923
Other income, net 5,498 1,496 7,371
Earnings before income taxes 97,912 92,578 91,294
Provision for income taxes 30,593 26,451 28,434
Net earnings 67,319 66,127 62,860
Less: Net earnings (loss) attributable to noncontrolling interests (191) 38 (438)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 67,510 $ 66,089 $ 63,298
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 1.08 $ 1.04 $ 0.99
Average number of shares outstanding (in shares) 62,239 63,256 64,173
Retained earnings at beginning of period $ 52,349 $ 64,927 $ 73,109
Net earnings attributable to Tootsie Roll Industries, Inc. 67,510 66,089 63,298
Cash dividends (22,209) (21,308) (19,199)
Stock dividends (53,817) (57,359) (52,281)
Retained earnings at end of period $ 43,833 $ 52,349 $ 64,927