XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
NET REVENUE $ 1,093,014 $ 1,020,918 $ 3,177,934 $ 2,917,522
COST OF REVENUE 838,748 802,917 2,443,834 2,281,685
GROSS PROFIT 254,266 218,001 734,100 635,837
OPERATING COSTS AND EXPENSES:        
Selling, general and administrative expenses 158,214 142,015 459,644 417,771
Depreciation and amortization expense 15,005 15,268 44,417 46,027
Total operating expenses 173,219 157,283 504,061 463,798
OPERATING INCOME 81,047 60,718 230,039 172,039
OTHER INCOME (EXPENSE):        
Interest expense, net (11,786) (13,997) (38,816) (39,008)
Equity in earnings of joint ventures 1,273 1,472 4,107 4,065
Other, net (449) 3,888 84,487 3,891
Total other (expense) income (10,962) (8,637) 49,778 (31,052)
INCOME BEFORE INCOME TAXES 70,085 52,081 279,817 140,987
INCOME TAX EXPENSE 13,783 13,258 69,904 37,960
NET INCOME 56,302 38,823 209,913 103,027
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:        
Change in unrealized gain (loss) on cash flow hedges, net of income tax benefit (expense) of $8, $(1,398), $57 and $(5,917), respectively 53 9,255 (99) 24,962
OTHER COMPREHENSIVE INCOME (LOSS) 53 9,255 (99) 24,962
NET COMPREHENSIVE INCOME $ 56,355 $ 48,078 $ 209,814 $ 127,989
EARNINGS PER COMMON SHARE:        
Earnings per share, basic (in dollars per share) $ 0.31 $ 0.21 $ 1.17 $ 0.57
Earnings per share, diluted (in dollars per share) $ 0.31 $ 0.21 $ 1.16 $ 0.57
Weighted average common shares outstanding, basic (in shares) 178,826 181,884 179,956 180,829
Weighted average common shares outstanding, diluted (in shares) 180,528 183,022 181,286 181,760