v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 646,099 $ 660,112 $ 1,299,327 $ 1,279,442
Cost of sales 468,045 485,190 949,316 948,824
Gross profit 178,054 174,922 350,011 330,618
Selling, general, and administrative expense 97,600 98,883 199,568 197,960
Operating profit 80,454 76,039 150,443 132,658
Other income (expense), net:        
Interest expense (8,277) (9,631) (17,018) (19,232)
Loss on extinguishment of debt     (233)  
Other, net 89 526 561 858
Other expense, net (8,188) (9,105) (16,690) (18,374)
Income before income taxes 72,266 66,934 133,753 114,284
Income tax expense (16,770) (14,883) (27,485) (24,249)
Net income $ 55,496 $ 52,051 $ 106,268 $ 90,035
Net income per common share:        
Basic (in dollars per share) $ 1.69 $ 1.53 $ 3.22 $ 2.64
Diluted (in dollars per share) $ 1.67 $ 1.51 $ 3.18 $ 2.60
Weighted average shares outstanding:        
Basic (in shares) 32,867,842 33,976,169 33,018,148 34,072,314
Diluted (in shares) 33,202,423 34,557,664 33,401,135 34,630,048

Source