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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sales        
Sales $ 2,154,647 $ 1,879,451 $ 6,759,001 $ 6,143,928
Costs and expenses        
Materials, labor, and other operating expenses (excluding depreciation) 1,655,979 1,594,405 5,183,823 4,909,362
Depreciation and amortization 28,374 20,299 69,611 60,258
Selling and distribution expenses 142,176 114,466 423,106 366,119
General and administrative expenses 27,622 21,002 81,375 64,252
Other (income) expense, net 1,126 (107) (987) (485)
Total costs and expenses 1,855,277 1,750,065 5,756,928 5,399,506
Income from operations 299,370 129,386 1,002,073 744,422
Foreign currency exchange loss (1,674) (353) (2,041) (52)
Pension expense (excluding service costs) (41) (19) (253) (57)
Interest expense (6,398) (6,279) (18,969) (18,501)
Interest income 3,238 63 4,688 173
Change in fair value of interest rate swaps 1,134 59 3,594 1,058
Total nonoperating income (expense) (3,741) (6,529) (12,981) (17,379)
Income before income taxes 295,629 122,857 989,092 727,043
Income tax provision (76,042) (31,158) (248,794) (183,632)
Net income $ 219,587 $ 91,699 $ 740,298 $ 543,411
Weighted average common shares outstanding:        
Basic (in shares) 39,544 39,442 39,521 39,413
Diluted (in shares) 39,776 39,661 39,762 39,623
Net income per common share:        
Basic (in dollars per share) $ 5.55 $ 2.32 $ 18.73 $ 13.79
Diluted (in dollars per share) 5.52 2.31 18.62 13.71
Dividends declared per common share $ 0.12 $ 0.10 $ 2.86 $ 2.30