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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Sales        
Sales $ 2,443,161 $ 1,242,760 $ 4,264,477 $ 2,413,294
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,864,523 1,048,902 3,314,957 2,041,172
Depreciation and amortization 20,420 19,899 39,959 55,231
Selling and distribution expenses 130,736 103,566 251,653 203,029
General and administrative expenses 17,988 18,755 43,250 34,839
Loss on curtailment of facility 0 38 0 1,707
Other (income) expense, net (281) (170) (378) (1)
Total costs and expenses 2,033,386 1,190,990 3,649,441 2,335,977
Income from operations 409,775 51,770 615,036 77,317
Foreign currency exchange gain (loss) 147 409 301 (464)
Pension expense (excluding service costs) (19) (302) (38) (689)
Interest expense (6,347) (6,633) (12,222) (13,054)
Interest income 51 190 110 845
Change in fair value of interest rate swaps (25) (514) 999 (2,828)
Total nonoperating income (expense) (6,193) (6,850) (10,850) (16,190)
Income before income taxes 403,582 44,920 604,186 61,127
Income tax provision (101,026) (11,334) (152,474) (15,341)
Net income $ 302,556 $ 33,586 $ 451,712 $ 45,786
Weighted average common shares outstanding:        
Basic (in shares) 39,442 39,312 39,399 39,238
Diluted (in shares) 39,688 39,387 39,633 39,381
Net income per common share:        
Basic (in dollars per share) $ 7.67 $ 0.85 $ 11.47 $ 1.17
Diluted (in dollars per share) 7.62 0.85 11.40 1.16
Dividends declared per common share $ 2.10 $ 0.10 $ 2.20 $ 0.20