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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, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings        
Net product sales $ 182,173 $ 185,473 $ 390,495 $ 393,094
Rental and royalty revenue 842 884 2,771 2,827
Total revenue 183,015 186,357 393,266 395,921
Product cost of goods sold 114,848 114,748 245,523 245,581
Rental and royalty cost 240 235 757 782
Total costs 115,088 114,983 246,280 246,363
Product gross margin 67,325 70,725 144,972 147,513
Rental and royalty gross margin 602 649 2,014 2,045
Total gross margin 67,927 71,374 146,986 149,558
Selling, marketing and administrative expenses 33,095 32,101 86,122 81,772
Earnings from operations 34,832 39,273 60,864 67,786
Other income (loss), net 4,121 1,943 8,565 4,147
Earnings before income taxes 38,953 41,216 69,429 71,933
Provision for income taxes 12,066 12,619 20,681 22,406
Net earnings 26,887 28,597 48,748 49,527
Less: Net earnings (loss) attributable to noncontrolling interests (46) (40) (131) (142)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 26,933 $ 28,637 $ 48,879 $ 49,669
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.43 $ 0.45 $ 0.77 $ 0.77
Dividends per share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.27
Average number of shares outstanding (in shares) 62,986 64,021 63,286 64,205
Retained earnings at beginning of period $ 9,615 $ 8,491 $ 43,833 $ 52,349
Net earnings attributable to Tootsie Roll Industries, Inc. 26,933 28,637 48,879 49,669
Cash dividends (5,658) (5,571) (16,898) (16,645)
Stock dividends [1]     (44,924) (53,816)
Retained earnings at end of period $ 30,890 $ 31,557 $ 30,890 $ 31,557
[1] Does not include 3% stock dividend to shareholders of record on 3/7/17 and 3/8/16.