v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 2,624,121 $ 2,384,249 $ 1,906,266
Cost of sales 1,942,854 1,808,097 1,445,157
Gross profit 681,267 576,152 461,109
Selling, general, and administrative expense (exclusive of significant legal settlement show separately below) 391,744 367,199 294,245
Significant legal settlement     30,000
Operating profit 289,523 208,953 136,864
Other income (expense), net:      
Interest expense (37,823) (28,687) (8,019)
Loss on extinguishment of debt     (1,086)
Other, net 2,078 558 281
Other expense, net (35,745) (28,129) (8,824)
Income before income taxes 253,778 180,824 128,040
Income tax (expense) benefit (62,783) (46,072) 30,093
Net income $ 190,995 $ 134,752 $ 158,133
Net income per common share:      
Basic (in dollars per share) $ 5.65 $ 3.86 $ 4.41
Diluted (in dollars per share) $ 5.56 $ 3.78 $ 4.32
Weighted average shares outstanding:      
Basic (in shares) 33,806,104 34,921,318 35,897,641
Diluted (in shares) 34,376,555 35,613,319 36,572,146

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