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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 569,268 $ 709,176 $ 1,142,344 $ 1,405,509
Costs and expenses        
Cost of materials sold (excludes items shown separately below) 441,872 560,546 894,508 1,115,653
Warehouse and processing 31,522 27,624 62,171 51,672
Administrative and general 31,681 31,969 64,866 61,591
Distribution 17,448 16,441 35,189 31,482
Selling 10,389 10,494 20,786 21,316
Occupancy 4,111 3,291 8,655 6,880
Depreciation 5,245 4,354 10,322 8,704
Amortization 1,228 592 2,352 1,224
Total costs and expenses 543,496 655,311 1,098,849 1,298,522
Operating income 25,772 53,865 43,495 106,987
Other loss, net 28 15 39 21
Income before interest and income taxes 25,744 53,850 43,456 106,966
Interest and other expense on debt 4,203 2,271 8,426 4,269
Income before income taxes 21,541 51,579 35,030 102,697
Income tax provision 6,522 13,955 10,139 27,771
Net income 15,019 37,624 24,891 74,926
Gain (loss) on cash flow hedge (201) (246) (606) 2,045
Tax effect on cash flow hedge (50) (62) (151) 511
Total comprehensive income $ 14,868 $ 37,440 $ 24,436 $ 76,460
Earnings per share:        
Net income per share - basic (in dollars per share) $ 1.30 $ 3.26 $ 2.15 $ 6.49
Weighted average shares outstanding - basic (in shares) 11,569 11,538 11,570 11,536
Net income per share - diluted (in dollars per share) $ 1.30 $ 3.26 $ 2.15 $ 6.49
Weighted average shares outstanding - diluted (in shares) 11,572 11,545 11,572 11,540
Dividends declared per share of common stock (in dollars per share) $ 0.125 $ 0.090 $ 0.250 $ 0.180