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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sales        
Sales $ 1,269,524 $ 1,338,512 $ 3,541,691 $ 3,929,485
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,078,924 1,163,020 3,026,401 3,366,716
Depreciation and amortization 20,969 23,881 59,640 70,288
Selling and distribution expenses 106,567 93,395 292,459 273,592
General and administrative expenses 18,603 16,891 52,064 52,754
Other (income) expense, net (437) 10,870 (557) 9,820
Total costs and expenses 1,224,626 1,308,057 3,430,007 3,773,170
Income from operations 44,898 30,455 111,684 156,315
Foreign currency exchange gain (loss) (200) 163 210 (272)
Pension expense (excluding service costs) (1,613) (11,778) (2,202) (24,402)
Interest expense (6,532) (6,585) (19,455) (19,527)
Interest income 837 500 1,745 1,001
Change in fair value of interest rate swaps (569) 279 (3,103) 2,419
Total nonoperating income (expense) (8,077) (17,421) (22,805) (40,781)
Income before income taxes 36,821 13,034 88,879 115,534
Income tax (provision) benefit (9,650) 814 (22,601) (22,811)
Net income $ 27,171 $ 13,848 $ 66,278 $ 92,723
Weighted average common shares outstanding:        
Basic (in shares) 39,087 38,998 39,020 38,920
Diluted (in shares) 39,292 39,461 39,202 39,397
Net income per common share:        
Basic (in dollars per share) $ 0.70 $ 0.36 $ 1.70 $ 2.38
Diluted (in dollars per share) 0.69 0.35 1.69 2.35
Dividends declared per common share $ 0.09 $ 1.07 $ 0.27 $ 1.21