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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings      
Net product sales $ 515,674 $ 517,373 $ 536,692
Rental and royalty revenue 3,615 3,727 3,420
Total revenue 519,289 521,100 540,112
Product cost of goods sold 325,924 320,290 340,090
Rental and royalty cost 972 1,019 889
Total costs 326,896 321,309 340,979
Product gross margin 189,750 197,083 196,602
Rental and royalty gross margin 2,643 2,708 2,531
Total gross margin 192,393 199,791 199,133
Selling, marketing and administrative expenses 120,977 107,377 108,051
Earnings from operations 71,416 92,414 91,082
Other income, net 13,145 5,498 1,496
Earnings before income taxes 84,561 97,912 92,578
Provision for income taxes 3,907 30,593 26,451
Net earnings 80,654 67,319 66,127
Less: Net earnings (loss) attributable to noncontrolling interests (210) (191) 38
Net earnings attributable to Tootsie Roll Industries, Inc. $ 80,864 $ 67,510 $ 66,089
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 1.28 $ 1.05 $ 1.02
Average number of shares outstanding (in shares) 63,179 64,086 65,103
Retained earnings at beginning of period $ 43,833 $ 52,349 $ 64,927
Net earnings attributable to Tootsie Roll Industries, Inc. 80,864 67,510 66,089
Cash dividends (22,548) (22,209) (21,308)
Stock dividends (44,924) (53,817) (57,359)
Retained earnings at end of period $ 57,225 $ 43,833 $ 52,349