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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 218,530 $ 222,420 $ 680,520 $ 648,140
Cost of sales (170,200) (163,980) (517,800) (480,340)
Gross profit 48,330 58,440 162,720 167,800
Selling, general and administrative expenses (32,110) (27,620) (94,480) (90,170)
Net gain (loss) on disposition of property and equipment 4,760 0 4,540 (130)
Operating profit 20,980 30,820 72,780 77,500
Other expense, net:        
Interest expense (3,600) (3,440) (10,510) (11,110)
Debt financing and related expenses 0 0 0 (10,520)
Other income (expense), net 860 (540) 850 (800)
Other expense, net (2,740) (3,980) (9,660) (22,430)
Income before income tax expense 18,240 26,840 63,120 55,070
Income tax expense (4,940) (7,250) (15,790) (10,580)
Net income $ 13,300 $ 19,590 $ 47,330 $ 44,490
Basic earnings per share        
Net income per share $ 0.32 $ 0.46 $ 1.12 $ 1.03
Weighted average common shares—basic 41,995,027 42,889,922 42,363,919 43,061,707
Diluted earnings per share        
Net income per share $ 0.32 $ 0.45 $ 1.11 $ 1.03
Weighted average common shares—diluted 42,181,440 43,094,099 42,590,777 43,345,777