Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Net sales $ 385,205 $ 362,215
Cost of sales (101,276) (93,940)
Gross profit 283,929 268,275
Operating expenses:    
Volume incentives 131,150 123,410
Selling, general and administrative 131,297 128,740
Operating income 21,482 16,125
Other income (expense):    
Interest and other income, net 171 262
Interest expense (102) (43)
Foreign exchange gains (losses), net 1,270 (702)
Other income (expense), net 1,339 (483)
Income from operations before provision for income taxes 22,821 15,642
Provision (benefit) for income taxes (137) 8,713
Net income 22,958 6,929
Net income attributable to noncontrolling interests 1,621 164
Net income attributable to common shareholders $ 21,337 $ 6,765
Basic and diluted net income per common share    
Basic earnings per share attributable to common shareholders (in dollars per share) $ 1.09 $ 0.35
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.07 $ 0.34
Weighted average basic common shares outstanding (in shares) 19,537 19,314
Weighted average diluted common shares outstanding (in shares) 19,968 19,663