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 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 104,161 $ 108,978 $ 214,655 $ 211,399
Cost of sales 29,471 28,463 63,931 55,442
Gross profit 74,690 80,515 150,724 155,957
Operating expenses:        
Volume incentives 32,069 35,443 66,171 69,698
Selling, general and administrative 36,866 35,586 77,489 69,138
Operating income 5,755 9,486 7,064 17,121
Other loss, net (442) 529 (756) (1,404)
Income before provision for income taxes 5,313 10,015 6,308 15,717
Provision for income taxes 4,361 3,221 8,042 4,771
Net income (loss) 952 6,794 (1,734) 10,946
Net income attributable to noncontrolling interests 436 254 700 390
Net income attributable to common shareholders $ 516 $ 6,540 $ (2,434) $ 10,556
Basic and diluted net income per common share:        
Basic earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.03 $ 0.33 $ (0.12) $ 0.53
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.03 $ 0.32 $ (0.12) $ 0.52
Weighted average basic common shares outstanding (in shares) 19,386 19,999 19,479 19,897
Weighted average diluted common shares outstanding (in shares) 19,594 20,503 19,479 20,340
Dividends declared per common share (in dollars per share)     $ 0 $ 1.00