XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 634,437 $ 668,466 $ 2,039,946 $ 1,687,667
Costs and expenses        
Cost of materials sold (excludes items shown separately below) 527,466 520,866 1,643,119 1,304,234
Warehouse and processing 27,397 26,208 79,069 76,153
Administrative and general 26,929 24,811 88,520 74,328
Distribution 15,131 14,424 46,613 42,086
Selling 10,589 12,155 31,905 30,408
Occupancy 3,173 3,029 10,053 8,951
Depreciation 4,062 4,243 12,766 13,557
Amortization 604 570 1,828 1,764
Total costs and expenses 615,351 606,306 1,913,873 1,551,481
Operating income 19,086 62,160 126,073 136,186
Other loss, net (17) (15) (38) (24)
Income before interest and income taxes 19,069 62,145 126,035 136,162
Interest and other expense on debt 3,007 1,947 7,276 5,618
Income before income taxes 16,062 60,198 118,759 130,544
Income tax provision 4,016 15,665 31,787 34,354
Net income 12,046 44,533 86,972 96,190
Gain on cash flow hedge 2,291 434 4,336 1,851
Tax effect on cash flow hedge 573 109 1,084 463
Total comprehensive income $ 13,764 $ 44,858 $ 90,224 $ 97,578
Earnings per share:        
Net income per share - basic (in dollars per share) $ 1.04 $ 3.88 $ 7.53 $ 8.37
Weighted average shares outstanding - basic (in shares) 11,548 11,492 11,543 11,491
Net income per share - diluted (in dollars per share) $ 1.04 $ 3.87 $ 7.53 $ 8.36
Weighted average shares outstanding - diluted (in shares) 11,557 11,515 11,548 11,509
Dividends declared per share of common stock (in dollars per share) $ 0.09 $ 0.02 $ 0.27 $ 0.06