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Consolidated Statements of Operations (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
Sales        
Sales $ 1,230,081 $ 1,408,132 $ 2,272,167 $ 2,590,973
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,049,655 1,193,918 1,947,477 2,203,696
Depreciation and amortization 19,454 24,296 38,671 46,407
Selling and distribution expenses 98,866 96,841 185,892 180,197
General and administrative expenses 16,786 19,977 33,461 35,863
Other (income) expense, net 188 (956) (120) (1,050)
Total costs and expenses 1,184,949 1,334,076 2,205,381 2,465,113
Income from operations 45,132 74,056 66,786 125,860
Foreign currency exchange gain (loss) 248 (172) 410 (435)
Pension expense (excluding service costs) (290) (12,380) (589) (12,624)
Interest expense (6,486) (6,580) (12,923) (12,942)
Interest income 416 237 908 501
Change in fair value of interest rate swaps (1,551) 499 (2,534) 2,140
Total nonoperating income (expense) (7,663) (18,396) (14,728) (23,360)
Income before income taxes 37,469 55,660 52,058 102,500
Income tax provision (9,751) (13,835) (12,951) (23,625)
Net income $ 27,718 $ 41,825 $ 39,107 $ 78,875
Weighted average common shares outstanding:        
Basic (in shares) 39,087 38,981 38,986 38,880
Diluted (in shares) 39,199 39,403 39,185 39,384
Net income per common share:        
Basic (in dollars per share) $ 0.71 $ 1.07 $ 1.00 $ 2.03
Diluted (in dollars per share) 0.71 1.06 1.00 2.00
Dividends declared per common share $ 0.09 $ 0.07 $ 0.18 $ 0.14