XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue $ 101,800 $ 104,455
Costs 66,101 65,804
Total gross margin 35,699 38,651
Selling, marketing and administrative expenses 25,857 26,725
Earnings from operations 9,842 11,926
Other income (loss), net 521 2,228
Earnings before income taxes 10,363 14,154
Provision for income taxes 2,262 4,143
Net earnings 8,101 10,011
Less: Net earnings (loss) attributable to noncontrolling interests (24) (40)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 8,125 $ 10,051
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.13 $ 0.15
Dividends per share (in dollars per share) [1] $ 0.09 $ 0.09
Average number of shares outstanding (in shares) 64,434 65,474
Retained earnings at beginning of period $ 57,225 $ 43,833
Net earnings attributable to Tootsie Roll Industries, Inc. 8,125 10,051
Adopted ASU's (See Note 1) 2,726  
Cash dividends (5,621) (5,555)
Stock dividends (60,149) (44,924)
Retained earnings at end of period 2,306 3,405
Product    
Revenue 100,859 103,425
Costs 65,834 65,538
Total gross margin 35,025 37,887
Rental and Royalty    
Revenue 941 1,030
Costs 267 266
Total gross margin $ 674 $ 764
[1] Does not include 3% stock dividend to shareholders of record on 3/6/18 and 3/7/17.