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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 284,803 $ 140,696 $ 483,784 $ 238,812
Cost of sales 141,879 105,688 250,130 195,744
Gross profit 142,924 35,008 233,654 43,068
Selling, general and administrative expense 9,638 8,545 20,573 17,338
Other expense (income), net 628 6 452 (257)
Operating income 132,658 26,457 212,629 25,987
Interest expense, net 12,307 12,290 22,262 24,662
Loss (gain) on extinguishment of debt   (10,000) 113 (10,000)
Non-operating other expense (income), net (3,430) 745 (3,408) 1,140
Income before provision (benefit) for income taxes 123,781 23,422 193,662 10,185
Provision (benefit) for income taxes 20,382 (248) 31,497 (206)
Net income 103,399 23,670 162,165 10,391
Dividends on convertible preferred stocks   75   150
Net income attributable to participating securities   223    
Net income (loss) attributable to common stockholders $ 103,399 $ 12,646 $ 162,165 $ (10,507)
Basic:        
Net income (loss) $ 1.17 $ 0.34 $ 1.84 $ (0.28)
Diluted:        
Net income (loss) $ 1.15 $ 0.32 $ 1.81 $ (0.28)
Series E Preferred Stock [Member]        
Dividends on Series E redeemable preferred stock   $ 10,213   $ 19,724
Accretion of Series E redeemable preferred stock   $ 513   $ 1,024