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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sales        
Sales $ 2,278,072 $ 2,443,161 $ 4,604,354 $ 4,264,477
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,797,948 1,864,523 3,527,844 3,314,957
Depreciation and amortization 20,694 20,420 41,237 39,959
Selling and distribution expenses 134,279 130,736 280,930 251,653
General and administrative expenses 27,701 17,988 53,753 43,250
Other (income) expense, net 375 (281) (2,113) (378)
Total costs and expenses 1,980,997 2,033,386 3,901,651 3,649,441
Income from operations 297,075 409,775 702,703 615,036
Foreign currency exchange gain (loss) (499) 147 (367) 301
Pension expense (excluding service costs) (41) (19) (212) (38)
Interest expense (6,317) (6,347) (12,571) (12,222)
Interest income 1,385 51 1,450 110
Change in fair value of interest rate swaps 394 (25) 2,460 999
Total nonoperating income (expense) (5,078) (6,193) (9,240) (10,850)
Income before income taxes 291,997 403,582 693,463 604,186
Income tax provision (73,886) (101,026) (172,752) (152,474)
Net income $ 218,111 $ 302,556 $ 520,711 $ 451,712
Weighted average common shares outstanding:        
Basic (in shares) 39,544 39,442 39,509 39,399
Diluted (in shares) 39,763 39,688 39,762 39,633
Net income per common share:        
Basic (in dollars per share) $ 5.52 $ 7.67 $ 13.18 $ 11.47
Diluted (in dollars per share) 5.49 7.62 13.10 11.40
Dividends declared per common share $ 2.62 $ 2.10 $ 2.74 $ 2.20