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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]    
Total revenues [1] $ 1,049,242 $ 996,511
Cost of revenues 847,519 804,836
Gross profit 201,723 191,675
Selling, administrative and general expenses 86,430 90,268
Gain on sale of property, plant & equipment and businesses 999 7,297
Other operating expense, net (3,991) (4,271)
Operating earnings 112,301 104,433
Other nonoperating income (expense), net (9,336) 3,129
Interest expense, net 30,773 32,934
Earnings from continuing operations before income taxes 72,192 74,628
Income tax expense 12,194 10,693
Earnings from continuing operations 59,998 63,935
Earnings (loss) on discontinued operations, net of tax 260 (636)
Net earnings 60,258 63,299
Other comprehensive income, net of tax    
Deferred loss on interest rate derivative (14,680) 0
Amortization of prior interest rate derivative loss 794 55
Amortization of actuarial loss and prior service cost for benefit plans 1,695 235
Other comprehensive income (loss) (12,191) 290
Comprehensive income $ 48,067 $ 63,589
Basic earnings (loss) per share    
Continuing operations $ 0.45 $ 0.48
Discontinued operations 0.00 0.00
Net earnings 0.45 0.48
Diluted earnings (loss) per share    
Continuing operations 0.45 0.48
Discontinued operations 0.00 0.00
Net earnings $ 0.45 $ 0.48
Weighted-average common shares outstanding    
Basic 132,567 132,043
Assuming dilution 133,259 133,054
Depreciation, depletion, accretion and amortization $ 95,480 $ 89,181
Effective tax rate from continuing operations 16.90% 14.30%
[1]

1

The geographic markets are defined by states/countries as follows:

East market — Arkansas, Delaware, Illinois, Kentucky, Maryland, North Carolina, Pennsylvania, Tennessee, Virginia, and Washington D.C.

Gulf Coast marketAlabama, Florida, Georgia, Louisiana, Mexico, Mississippi, Oklahoma, South Carolina and Texas

West market — Arizona, California and New Mexico