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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
NET SALES | $ 491,319 | $ 362,716
COST OF SALES | 427,200 | 303,360
Gross profit | 64,119 | 59,356
GENERAL AND ADMINISTRATIVE EXPENSES | 25,109 | 18,418
SELLING EXPENSES | 8,345 | 6,173
AMORTIZATION OF INTANGIBLES | 4,941 | 4,501
ACQUISITION EXPENSES | 68 | 0
Income from operations | 25,656 | 30,264
OTHER INCOME (EXPENSE): |  |
Interest expense | (7,454) | (2,990)
Other, net | 7,916 | 1,333
Income before income taxes | 26,118 | 28,607
INCOME TAX EXPENSE | 4,846 | 8,434
Net income | $ 21,272 | $ 20,173
DIVIDENDS DECLARED PER SHARE | $ 0.075 | $ 0.06
BASIC NET INCOME PER SHARE | 0.37 | 0.34
DILUTED NET INCOME PER SHARE | $ 0.35 | $ 0.32

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