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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 110,551 $ 116,548 $ 221,544 $ 225,182
Cost of sales 31,664 31,924 63,679 63,616
Gross profit 78,887 84,624 157,865 161,566
Operating expenses:        
Volume incentives 34,693 35,314 68,263 68,442
Selling, general and administrative 38,557 42,273 79,341 85,915
Operating income 5,637 7,037 10,261 7,209
Other loss, net (1,214) (1,087) (1,183) 427
Income before provision for income taxes 4,423 5,950 9,078 7,636
Provision for income taxes 2,935 3,273 5,100 3,706
Net income 1,488 2,677 3,978 3,930
Net income attributable to noncontrolling interests 139 255 308 648
Net income attributable to common shareholders $ 1,349 $ 2,422 $ 3,670 $ 3,282
Basic and diluted net income per common share:        
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.07 $ 0.13 $ 0.20 $ 0.17
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.07 $ 0.12 $ 0.19 $ 0.17
Weighted average basic common shares outstanding (in shares) 18,647 19,293 18,737 19,073
Weighted average diluted common shares outstanding (in shares) 19,119 19,747 19,184 19,460