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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings    
Net product sales $ 103,425 $ 103,362
Rental and royalty revenue 1,030 1,033
Total revenue 104,455 104,395
Product cost of goods sold 65,416 65,824
Rental and royalty cost 266 302
Total costs 65,682 66,126
Product gross margin 38,009 37,538
Rental and royalty gross margin 764 731
Total gross margin 38,773 38,269
Selling, marketing and administrative expenses 26,598 24,053
Earnings from operations 12,175 14,216
Other income (loss), net 1,979 (35)
Earnings before income taxes 14,154 14,181
Provision for income taxes 4,143 4,325
Net earnings 10,011 9,856
Less: Net earnings (loss) attributable to noncontrolling interests (40) (40)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 10,051 $ 9,896
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.16 $ 0.15
Dividends per share (in dollars per share) $ 0.09 $ 0.09
Average number of shares outstanding (in shares) 63,605 64,347
Retained earnings at beginning of period $ 43,833 $ 52,349
Net earnings attributable to Tootsie Roll Industries, Inc. 10,051 9,896
Cash dividends (5,555) (5,457)
Stock dividends [1] (44,924) (53,816)
Retained earnings at end of period $ 3,405 $ 2,972
[1] Does not include 3% stock dividend to shareholders of record on 3/7/17 and 3/8/16.