XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenue $ 737,600 $ 692,100 $ 1,430,500 $ 1,351,400
Cost of sales 486,200 459,600 944,600 908,500
Gross profit 251,400 232,500 485,900 442,900
Operating expenses        
Selling 34,500 32,900 67,800 65,500
Administrative 106,700 96,000 209,300 185,500
Asset impairment 4,900 0 4,900 0
Amortization 10,500 11,300 21,200 22,700
Operating income 94,800 92,300 182,700 169,200
Other expense, net        
Interest expense, net 8,200 9,800 20,100 19,500
Other (income) (100) (200) (500) (400)
Income before income taxes 86,700 82,700 163,100 150,100
Income tax provision 21,500 21,100 42,000 39,200
Net income 65,200 61,600 121,100 110,900
Other comprehensive income (loss), net of tax:        
Net change on cash flow hedges, net of tax (provision) benefit of $— and $(1.9) for the three months ended June 30, 2024 and 2023, respectively, and $(1.7) and $0.3 for the six months ended June 30, 2024 and 2023, respectively 0 5,400 4,700 (900)
Comprehensive income $ 65,200 $ 67,000 $ 125,800 $ 110,000
Earnings per share:        
Basic (in USD per share) $ 2.32 $ 2.19 $ 4.30 $ 3.94
Diluted (in USD per share) $ 2.30 $ 2.18 $ 4.27 $ 3.92
Weighted average shares outstanding:        
Basic (in shares) 28,174,677 28,174,279 28,173,061 28,125,251
Diluted (in shares) 28,317,801 28,273,334 28,351,401 28,276,049
Cash dividends declared per share (in USD per share) $ 0.35 $ 0.33 $ 2.30 $ 1.56