Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 2,718,038 $ 2,624,121 $ 2,384,249
Cost of sales 1,971,677 1,942,854 1,808,097
Gross profit 746,361 681,267 576,152
Selling, general, and administrative expense 391,315 391,744 367,199
Operating profit 355,046 289,523 208,953
Other income (expense), net:      
Interest expense (32,456) (37,823) (28,687)
Loss on extinguishment of debt (233)    
Other, net 733 2,078 558
Other expense, net (31,956) (35,745) (28,129)
Income before income taxes 323,090 253,778 180,824
Income tax expense (76,067) (62,783) (46,072)
Net income $ 247,023 $ 190,995 $ 134,752
Net income per common share:      
Basic (in dollars per share) $ 7.50 $ 5.65 $ 3.86
Diluted (in dollars per share) $ 7.42 $ 5.56 $ 3.78
Weighted average shares outstanding:      
Basic (in shares) 32,917,971 33,806,104 34,921,318
Diluted (in shares) 33,299,986 34,376,555 35,613,319