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 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 111,202 $ 104,506 $ 336,384 $ 319,161
Cost of sales 29,964 29,632 93,580 93,563
Gross profit 81,238 74,874 242,804 225,598
Operating expenses:        
Volume incentives 34,118 33,070 102,560 99,241
Selling, general and administrative 41,288 36,792 127,203 114,281
Operating income 5,832 5,012 13,041 12,076
Other loss, net (927) (2,281) (500) (3,037)
Income before provision for income taxes 4,905 2,731 12,541 9,039
Provision for income taxes 1,763 2,531 5,469 10,573
Net income (loss) 3,142 200 7,072 (1,534)
Net income attributable to noncontrolling interests 310 110 958 810
Net income (loss) attributable to common shareholders $ 2,832 $ 90 $ 6,114 $ (2,344)
Basic and diluted net income per common share:        
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.15 $ 0 $ 0.32 $ (0.12)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.15 $ 0 $ 0.31 $ (0.12)
Weighted average basic common shares outstanding (in shares) 19,133 19,198 19,093 19,384
Weighted average diluted common shares outstanding (in shares) 19,492 19,482 19,450 19,384