XML 27 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
Net sales $ 1,281,250 $ 1,345,788 $ 1,224,361
Cost of sales 726,373 701,335 563,864
Gross profit 554,877 644,453 660,497
Research and development 3,641 3,771 3,975
Selling and administrative expenses 76,977 132,608 67,913
Operating income 474,259 508,074 588,609
Other (income) expense, net (10,064) (16,451) 3,330
Related party Tax Receivable Agreement (benefit) expense (83) 231 (21,090)
Interest expense 36,568 68,760 98,074
Interest income (4,480) (872) (1,750)
Income before provision for income taxes 452,318 456,406 510,045
Provision for income taxes 69,356 68,076 75,671
Net income $ 382,962 $ 388,330 $ 434,374
Basic income per common share:      
Earnings Per Share, Basic (in dollars per share) $ 1.48 $ 1.46 $ 1.62
Weighted average shares outstanding (shares) 258,781,843 266,251,097 267,916,483
Diluted loss per common share:      
Earnings per share, diluted (in dollars per share) $ 1.48 $ 1.46 $ 1.62
Weighted average common shares outstanding for diluted calculation (in shares) 258,791,228 266,317,194 267,930,644
STATEMENTS OF COMPREHENSIVE INCOME      
Net income $ 382,962 $ 388,330 $ 434,374
Foreign currency translation adjustments, net of tax of $0, $0 and $(162), respectively (7,024) (19,605) 6,568
Commodities, interest rate and foreign currency derivatives, net of tax of $(2,591), $(8,632) and $5,399, respectively 6,398 31,802 (18,848)
Other comprehensive (loss) income, net of tax: (626) 12,197 (12,280)
Comprehensive income $ 382,336 $ 400,527 $ 422,094