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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales        
Sales $ 1,242,760 $ 1,230,081 $ 2,413,294 $ 2,272,167
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,048,902 1,049,655 2,041,172 1,947,477
Depreciation and amortization 19,899 19,454 55,231 38,671
Selling and distribution expenses 103,566 98,866 203,029 185,892
General and administrative expenses 18,755 16,786 34,839 33,461
Loss on curtailment of facility 38 0 1,707 0
Other (income) expense, net (170) 188 (1) (120)
Total costs and expenses 1,190,990 1,184,949 2,335,977 2,205,381
Income from operations 51,770 45,132 77,317 66,786
Foreign currency exchange gain (loss) 409 248 (464) 410
Pension expense (excluding service costs) (302) (290) (689) (589)
Interest expense (6,633) (6,486) (13,054) (12,923)
Interest income 190 416 845 908
Change in fair value of interest rate swaps (514) (1,551) (2,828) (2,534)
Total nonoperating income (expense) (6,850) (7,663) (16,190) (14,728)
Income before income taxes 44,920 37,469 61,127 52,058
Income tax provision (11,334) (9,751) (15,341) (12,951)
Net income $ 33,586 $ 27,718 $ 45,786 $ 39,107
Weighted average common shares outstanding:        
Basic (in shares) 39,312 39,087 39,238 38,986
Diluted (in shares) 39,387 39,199 39,381 39,185
Net income per common share:        
Basic (in dollars per share) $ 0.85 $ 0.71 $ 1.17 $ 1.00
Diluted (in dollars per share) 0.85 0.71 1.16 1.00
Dividends declared per common share $ 0.10 $ 0.09 $ 0.20 $ 0.18