XML 60 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Sales    
Sales $ 1,170,534 $ 1,042,086
Costs and expenses    
Materials, labor, and other operating expenses (excluding depreciation) 992,270 897,822
Depreciation and amortization 35,332 19,217
Selling and distribution expenses 99,463 87,026
General and administrative expenses 16,084 16,675
Loss on curtailment of facility 1,669 0
Other (income) expense, net 169 (308)
Total costs and expenses 1,144,987 1,020,432
Income from operations 25,547 21,654
Foreign currency exchange gain (loss) (873) 162
Pension expense (excluding service costs) (387) (299)
Interest expense (6,421) (6,437)
Interest income 655 492
Change in fair value of interest rate swaps (2,314) (983)
Total nonoperating income (expense) (9,340) (7,065)
Income before income taxes 16,207 14,589
Income tax provision (4,007) (3,200)
Net income $ 12,200 $ 11,389
Weighted average common shares outstanding:    
Basic (in shares) 39,163 38,884
Diluted (in shares) 39,405 39,203
Net income per common share:    
Basic (in dollars per share) $ 0.31 $ 0.29
Diluted (in dollars per share) 0.31 0.29
Dividends declared per common share $ 0.10 $ 0.09