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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total revenue $ 153,175 $ 162,092
Total costs 103,147 111,797
Total gross margin 50,028 50,295
Selling, marketing and administrative expenses 38,918 37,499
Earnings from operations 11,110 12,796
Other income, net 9,032 4,780
Earnings before income taxes 20,142 17,576
Provision for income taxes 4,307 4,182
Net earnings 15,835 13,394
Less: net income (loss) attributable to noncontrolling interests 1 (7)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 15,834 $ 13,401
Net earnings attributable to Tootsie Roll Industries, Inc. per share $ 0.22 $ 0.19
Dividends per share [1] $ 0.09 $ 0.09
Average number of shares outstanding (in shares) 71,417 72,317
Product    
Total revenue $ 151,464 $ 160,711
Total costs 102,732 111,406
Total gross margin 48,732 49,305
Rental and Royalty    
Total revenue 1,711 1,381
Total costs 415 391
Total gross margin $ 1,296 $ 990
[1] Does not include 3% stock dividend to shareholders of record on 3/6/24 and 3/6/23.