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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
NET SALES $ 435,903 $ 471,438 $ 798,619 $ 919,114
COST OF SALES 368,225 380,374 671,584 748,524
Gross profit 67,678 91,064 127,035 170,590
GENERAL AND ADMINISTRATIVE EXPENSES 19,018 18,495 37,436 37,887
SELLING EXPENSES 5,897 7,045 12,070 14,006
AMORTIZATION OF INTANGIBLES 4,095 4,989 8,597 9,978
IMPAIRMENT OF GOODWILL 0 1,663 0 1,663
Income from operations 38,668 58,872 68,932 107,056
OTHER INCOME (EXPENSE):        
Interest expense (2,888) (3,937) (5,878) (8,032)
Other, net 325 (207) 1,657 (604)
Income before income taxes 36,105 54,728 64,711 98,420
INCOME TAX EXPENSE 13,160 19,197 21,593 35,365
Net income $ 22,945 $ 35,531 $ 43,118 $ 63,055
DIVIDENDS DECLARED PER SHARE $ 0.06 $ 0 $ 0.12 $ 0
BASIC NET INCOME PER SHARE 0.38 0.55 0.72 0.97
DILUTED NET INCOME PER SHARE $ 0.36 $ 0.53 $ 0.68 $ 0.95