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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
NET SALES | $ 553,073 | $ 425,098 | $ 1,657,082 | $ 1,223,717
COST OF SALES | 487,911 | 364,134 | 1,442,487 | 1,035,718
Gross profit | 65,162 | 60,964 | 214,595 | 187,999
GENERAL AND ADMINISTRATIVE EXPENSES | 23,033 | 16,075 | 73,920 | 53,511
SELLING EXPENSES | 8,690 | 5,497 | 25,591 | 17,568
AMORTIZATION OF INTANGIBLES | 4,937 | 4,097 | 14,818 | 12,693
ACQUISITION EXPENSES | 0 | 8,704 | 68 | 8,704
IMPAIRMENT | 11,989 | 0 | 11,989 | 0
Income from operations | 16,513 | 26,591 | 88,209 | 95,523
OTHER INCOME (EXPENSE): |  |  |  |
Interest expense | (7,044) | (3,187) | (21,649) | (9,065)
Other, net | 533 | 6,271 | 12,486 | 7,929
Income before income taxes | 10,002 | 29,675 | 79,046 | 94,387
INCOME TAX EXPENSE | 5,338 | 10,728 | 21,209 | 32,321
Net income | $ 4,664 | $ 18,947 | $ 57,837 | $ 62,066
DIVIDENDS DECLARED PER SHARE | $ 0.075 | $ 0.06 | $ 0.225 | $ 0.18
BASIC NET INCOME PER SHARE | 0.08 | 0.32 | 1.01 | 1.04
DILUTED NET INCOME PER SHARE | $ 0.08 | $ 0.30 | $ 0.98 | $ 0.99

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