Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 102,421 $ 95,926
Cost of sales 26,979 24,681
Gross profit 75,442 71,245
Operating expenses:    
Volume incentives 34,255 33,018
Selling, general and administrative 33,552 31,065
Operating income 7,635 7,162
Other loss, net (1,933) (2,410)
Income before provision for income taxes 5,702 4,752
Provision for income taxes 1,550 1,746
Net income 4,152 3,006
Net income attributable to noncontrolling interests 136 44
Net income attributable to common shareholders $ 4,016 $ 2,962
Basic and diluted net income per common share:    
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.15
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.20 $ 0.15
Weighted average basic common shares outstanding (in shares) 19,794 19,453
Weighted average diluted common shares outstanding (in shares) 20,236 19,589
Dividends declared per common share (in dollars per share) $ 1.00 $ 0