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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
NET SALES $ 425,098 $ 464,272 $ 1,223,717 $ 1,383,387
COST OF SALES 364,134 380,813 1,035,718 1,129,338
Gross profit 60,964 83,459 187,999 254,049
GENERAL AND ADMINISTRATIVE EXPENSES 16,075 17,206 53,511 55,093
SELLING EXPENSES 5,497 6,415 17,568 20,421
AMORTIZATION OF INTANGIBLES 4,097 4,983 12,693 14,961
ACQUISITION EXPENSES 8,704 0 8,704 0
IMPAIRMENT OF GOODWILL 0 0 0 1,663
Income from operations 26,591 54,855 95,523 161,911
OTHER INCOME (EXPENSE):        
Interest expense (3,187) (3,906) (9,065) (11,938)
Other, net 6,271 830 7,929 226
Income before income taxes 29,675 51,779 94,387 150,199
INCOME TAX EXPENSE 10,728 18,401 32,321 53,766
Net income $ 18,947 $ 33,378 $ 62,066 $ 96,433
DIVIDENDS DECLARED PER SHARE $ 0.06 $ 0 $ 0.18 $ 0
BASIC NET INCOME PER SHARE 0.32 0.52 1.04 1.5
DILUTED NET INCOME PER SHARE $ 0.3 $ 0.51 $ 0.99 $ 1.45