XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 1,821,800 $ 2,169,380 $ 1,780,215
Cost of sales 1,515,951 1,808,670 1,542,673
Gross profit 305,849 360,710 237,542
Selling, general and administrative expenses 134,938 132,792 131,772
Research and development expenses 12,539 10,404 10,104
Royalty expense 9,645 11,712 10,491
Income from operations 148,727 205,802 85,175
Interest expense, net (18,785) (29,796) (32,221)
Loss on senior note repurchase 0 0 (16,020)
Foreign exchange (loss) gain (22,822) 927 12,020
Other income 2,628 25,420 2,086
Income before income taxes 109,748 202,353 51,040
Provision for income taxes 26,042 23,167 1,149
Net income 83,706 179,186 49,891
Net income attributable to noncontrolling interests (4,946) (2,884) (305)
Net income applicable to common shareholders $ 78,760 $ 176,302 $ 49,586
Earnings (loss) per common share:      
Basic $ 1.26 $ 2.80 $ 0.80
Diluted $ 1.25 $ 2.77 $ 0.79
Average common shares outstanding:      
Basic 62,452 63,040 62,100
Diluted 62,961 63,691 62,685