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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales        
Sales $ 1,589,313 $ 1,269,524 $ 4,002,607 $ 3,541,691
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,261,697 1,078,924 3,302,869 3,026,401
Depreciation and amortization 20,029 20,969 75,260 59,640
Selling and distribution expenses 122,884 106,567 325,913 292,459
General and administrative expenses 26,060 18,603 60,899 52,064
Loss on curtailment of facility 0 0 1,707 0
Other (income) expense, net 71 (437) 70 (557)
Total costs and expenses 1,430,741 1,224,626 3,766,718 3,430,007
Income from operations 158,572 44,898 235,889 111,684
Foreign currency exchange gain (loss) 265 (200) (199) 210
Pension expense (excluding service costs) (302) (1,613) (991) (2,202)
Interest expense (7,002) (6,532) (20,056) (19,455)
Interest income 113 837 958 1,745
Change in fair value of interest rate swaps 147 (569) (2,681) (3,103)
Loss on extinguishment of debt (13,968) 0 (13,968) 0
Total nonoperating income (expense) (20,747) (8,077) (36,937) (22,805)
Income before income taxes 137,825 36,821 198,952 88,879
Income tax provision (34,633) (9,650) (49,974) (22,601)
Net income $ 103,192 $ 27,171 $ 148,978 $ 66,278
Weighted average common shares outstanding:        
Basic (in shares) 39,315 39,087 39,264 39,020
Diluted (in shares) 39,526 39,292 39,396 39,202
Net income per common share:        
Basic (in dollars per share) $ 2.62 $ 0.70 $ 3.79 $ 1.70
Diluted (in dollars per share) 2.61 0.69 3.78 1.69
Dividends declared per common share $ 1.70 $ 0.09 $ 1.90 $ 0.27