Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 90,724 $ 91,266 $ 181,996 $ 178,608
Cost of sales 23,865 24,278 47,294 46,991
Gross profit 66,859 66,988 134,702 131,617
Operating expenses:        
Volume incentives 31,302 31,492 62,315 62,854
Selling, general and administrative 31,019 33,310 64,871 65,696
Operating income 4,538 2,186 7,516 3,067
Other income (loss), net 306 (1,807) 258 (1,067)
Income before provision for income taxes 4,844 379 7,774 2,000
Provision for income taxes 2,215 441 3,416 1,729
Net income (loss) 2,629 (62) 4,358 271
Net loss attributable to noncontrolling interests (60) (129) (88) (294)
Net income attributable to common shareholders $ 2,689 $ 67 $ 4,446 $ 565
Basic and diluted net income per common share:        
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.14 $ 0.00 $ 0.23 $ 0.03
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.14 $ 0.00 $ 0.23 $ 0.03
Weighted average basic common shares outstanding (in shares) 19,291 19,105 19,280 19,058
Weighted average diluted common shares outstanding (in shares) 19,602 19,402 19,596 19,408