Annual report pursuant to Section 13 and 15(d)

CONSLIDATED STATEMENT OF OPERATIONS

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CONSLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 1,906,266 $ 1,742,850 $ 1,616,580
Cost of sales 1,445,157 1,342,506 1,258,551
Gross profit 461,109 400,344 358,029
Selling, general, and administrative expense (exclusive of significant legal settlement, shown separately below) 294,245 278,740 274,498
Significant legal settlement 30,000    
Operating profit 136,864 121,604 83,531
Other income (expense), net:      
Interest expense (8,019) (5,608) (9,465)
Loss on extinguishment of debt (1,086)    
Other, net 281 277 49
Other expense, net (8,824) (5,331) (9,416)
Income from continuing operations before income taxes 128,040 116,273 74,115
Income tax benefit (expense) from continuing operations 30,093 (43,667) 5,008
Income from continuing operations 158,133 72,606 79,123
Loss from discontinued operations, net     (152)
Net income $ 158,133 $ 72,606 $ 78,971
Basic:      
Income from continuing operations $ 4.41 $ 1.93 $ 2.10
Net income 4.41 1.93 2.10
Diluted:      
Income from continuing operations 4.32 1.92 2.09
Net income $ 4.32 $ 1.92 $ 2.09