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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 225,280 $ 169,124 $ 427,919 $ 303,672
Cost of sales (115,610) (95,492) (210,494) (169,707)
Gross profit 109,670 73,632 217,425 133,965
Operating expenses:        
Selling expense (20,487) (16,616) (36,807) (29,984)
General and administrative expense (14,682) (11,529) (32,437) (24,528)
Total operating expenses (35,169) (28,145) (69,244) (54,512)
Operating income 74,501 45,487 148,181 79,453
Non-operating income (expenses), net 1,625 161 2,912 503
Equity method income 1,119 1,669 2,568 3,249
Foreign currency transactions (loss) gains 889 2,503 (211) (406)
Interest expense and deferred cost of financing (2,321) (1,715) (4,594) (3,183)
Income before taxes 75,813 48,105 148,856 79,616
Income tax provision (23,248) (14,692) (47,919) (25,250)
Net income 52,565 33,413 100,937 54,366
Income attributable to non-controlling interest (120) (219) (257) (319)
Income attributable to parent 52,445 33,194 100,680 54,047
Comprehensive income:        
Foreign currency translation adjustments 27,238 (23,620) 35,049 (9,987)
Change in fair value of derivative contracts 1,823 1,710 (14) 4,332
Total comprehensive income 81,626 11,503 135,972 48,711
Comprehensive (loss) income attributable to non-controlling interest (120) (219) (257) (319)
Total comprehensive income attributable to parent $ 81,506 $ 11,284 $ 135,715 $ 48,392
Basic income per share $ 1.10 $ 0.70 $ 2.12 $ 1.14
Diluted income per share $ 1.10 $ 0.70 $ 2.12 $ 1.14
Basic weighted average common shares outstanding 47,674,041 47,674,773 47,674,403 47,674,773
Diluted weighted average common shares outstanding 47,674,041 47,674,773 47,674,403 47,674,773
External Customers [Member]        
Operating revenues:        
Total operating revenues $ 224,788 $ 168,657 $ 427,094 $ 302,679
Related Party [Member]        
Operating revenues:        
Total operating revenues $ 492 $ 467 $ 825 $ 993