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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 116,548 $ 104,161 $ 225,182 $ 214,655
Cost of sales 31,924 29,471 63,616 63,931
Gross profit 84,624 74,690 161,566 150,724
Operating expenses:        
Volume incentives 35,314 32,069 68,442 66,171
Selling, general and administrative 42,273 36,866 85,915 77,489
Operating income 7,037 5,755 7,209 7,064
Other loss, net (1,087) (442) 427 (756)
Income before provision for income taxes 5,950 5,313 7,636 6,308
Provision for income taxes 3,273 4,361 3,706 8,042
Net income (loss) 2,677 952 3,930 (1,734)
Net income attributable to noncontrolling interests 255 436 648 700
Net income (loss) attributable to common shareholders $ 2,422 $ 516 $ 3,282 $ (2,434)
Basic and diluted net income per common share:        
Basic earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.13 $ 0.03 $ 0.17 $ (0.12)
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.12 $ 0.03 $ 0.17 $ (0.12)
Weighted average basic common shares outstanding (in shares) 19,293 19,386 19,073 19,479
Weighted average diluted common shares outstanding (in shares) 19,747 19,594 19,460 19,479