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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 384,230 $ 456,976 $ 1,259,300 $ 1,285,491
Costs and expenses        
Cost of materials sold (excludes items shown separately below) 311,104 365,362 1,028,980 1,016,200
Warehouse and processing 25,204 25,330 75,938 72,579
Administrative and general 18,552 21,197 58,077 61,592
Distribution 11,840 12,552 37,170 38,077
Selling 6,999 7,373 21,759 21,708
Occupancy 2,308 2,348 7,572 7,200
Depreciation 4,292 3,953 13,211 12,141
Amortization 350 247 998 716
Total costs and expenses 380,649 438,362 1,243,705 1,230,213
Operating income 3,581 18,614 15,595 55,278
Other income (loss), net 12 17 (33) (122)
Income before interest and income taxes 3,593 18,631 15,562 55,156
Interest and other expense on debt 2,569 2,923 8,985 7,579
Income before income taxes 1,024 15,708 6,577 47,577
Income tax provision 433 4,109 1,831 12,501
Net income 591 11,599 4,746 35,076
Loss on cash flow hedge (596) (3,792)
Tax effect on cash flow hedge 155 986
Total comprehensive income $ 150 $ 11,599 $ 1,940 $ 35,076
Earnings per share:        
Net income per share - basic (in dollars per share) $ 0.05 $ 1.01 $ 0.41 $ 3.07
Weighted average shares outstanding - basic (in shares) 11,420 11,444 11,526 11,427
Net income per share - diluted (in dollars per share) $ 0.05 $ 1.01 $ 0.41 $ 3.07
Weighted average shares outstanding - diluted (in shares) 11,420 11,446 11,526 11,427
Dividends declared per share of common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06