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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue $ 140,637 $ 103,229
Costs 92,729 66,010
Gross Margin 47,908 37,219
Selling, marketing and administrative expenses 27,073 26,809
Earnings from operations 20,835 10,410
Other income (loss), net (5,016) 3,816
Earnings before income taxes 15,819 14,226
Provision for income taxes 3,800 3,463
Net earnings 12,019 10,763
Less: net earnings (loss) attributable to noncontrolling interests (8) (4)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 12,027 $ 10,767
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) $ 0.17 $ 0.15
Dividends per share (in dollars per share) [1] $ 0.09 $ 0.09
Average number of shares outstanding (in shares) 69,039 69,858
Product    
Revenue $ 139,291 $ 101,795
Costs 92,350 65,565
Gross Margin 46,941 36,230
Rental and Royalty    
Revenue 1,346 1,434
Costs 379 445
Gross Margin $ 967 $ 989
[1] Does not include 3% stock dividend to shareholders of record on 3/7/22 and 3/5/21.