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v3.19.2

Condensed Consolidated Statements of Income (Unaudited) - 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] |  |  |  |  |
Revenues |  | $ 215,581 | $ 268,233 | $ 397,297 | $ 468,130
Costs and expenses: |  |  |  |  |
Cost of goods sold |  | 175,673 | 180,906 | 329,888 | 320,061
Selling, general and administrative expenses |  | 14,952 | 16,892 | 31,522 | 30,548
Gain on sale of facility |  |  |  | (9,176) |
Deltic merger-related costs | [1] |  | 1,018 |  | 20,273
Total costs and expenses |  | 190,625 | 198,816 | 352,234 | 370,882
Operating income |  | 24,956 | 69,417 | 45,063 | 97,248
Interest expense, net | [2] | (7,882) | (9,356) | (13,346) | (15,016)
Loss on extinguishment of debt |  |  |  | (5,512) |
Non-operating pension and other postretirement employee benefit costs |  | (889) | (1,908) | (1,869) | (3,765)
Income before income taxes |  | 16,185 | 58,153 | 24,336 | 78,467
Income tax benefit (expense) |  | 952 | (12,005) | (639) | (17,722)
Net income |  | $ 17,137 | $ 46,148 | $ 23,697 | $ 60,745
Net income per share: |  |  |  |  |
Basic (in dollars per share) |  | $ 0.25 | $ 0.73 | $ 0.35 | $ 1.07
Diluted (in dollars per share) |  | 0.25 | 0.73 | 0.35 | 1.06
Dividends per share (in dollars per share) |  | $ 0.40 | $ 0.40 | $ 0.80 | $ 0.80
Weighted-average shares outstanding: |  |  |  |  |
Basic (in shares) |  | 67,664 | 62,980 | 67,774 | 56,739
Diluted (in shares) |  | 67,713 | 63,316 | 67,866 | 57,128
[1] | For integration and restructuring costs related to the merger with Deltic see Note 3: Merger with Deltic.
[2] | Bond discounts and deferred loan fees are reported within interest expense, net on the Condensed Consolidated Statements of Income.

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