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, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 95,926 $ 91,272
Cost of sales 24,681 23,429
Gross profit 71,245 67,843
Operating expenses:    
Volume incentives 33,018 31,013
Selling, general and administrative 31,065 33,852
Operating income 7,162 2,978
Other loss, net (2,410) (48)
Income before provision for income taxes 4,752 2,930
Provision for income taxes 1,746 1,201
Net income 3,006 1,729
Net income (loss) attributable to noncontrolling interests 44 (28)
Net income attributable to common shareholders $ 2,962 $ 1,757
Basic and diluted net income per common share:    
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.15 $ 0.09
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.15 $ 0.09
Weighted average basic common shares outstanding (in shares) 19,453 19,268
Weighted average diluted common shares outstanding (in shares) 19,589 19,585