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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Sales      
Sales $ 6,838,245 $ 8,387,307 $ 7,926,111
Costs and expenses      
Materials, labor, and other operating expenses (excluding depreciation) 5,409,311 6,472,540 6,300,076
Depreciation and amortization 132,467 101,593 80,753
Selling and distribution expenses 559,503 553,251 491,016
General and administrative expenses 114,434 103,750 83,228
Other (income) expense, net (1,856) (1,676) (765)
Total costs and expenses 6,213,859 7,229,458 6,954,308
Income from operations 624,386 1,157,849 971,803
Foreign currency exchange gain (loss) 7 (1,584) (10)
Pension expense (excluding service costs) (163) (294) (76)
Interest expense (25,496) (25,412) (24,806)
Interest income 48,106 12,263 195
Change in fair value of interest rate swaps (1,791) 3,559 1,745
Total nonoperating income (expense) 20,663 (11,468) (22,952)
Income before income taxes 645,049 1,146,381 948,851
Income tax provision (161,393) (288,723) (236,365)
Net income $ 483,656 $ 857,658 $ 712,486
Weighted average common shares outstanding:      
Basic (in shares) 39,649 39,526 39,420
Diluted (in shares) 39,901 39,772 39,646
Net income per common share:      
Basic (in dollars per share) $ 12.20 $ 21.70 $ 18.07
Diluted (in dollars per share) 12.12 21.56 17.97
Dividends declared per common share (in dollars per share) $ 8.70 $ 4.01 $ 5.42