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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]      
Total revenues [1] $ 4,856,826 $ 4,929,103 $ 4,382,869
Cost of revenues 3,575,345 3,673,202 3,281,924
Gross profit 1,281,481 1,255,901 1,100,945
Selling, administrative and general expenses 359,772 370,548 333,371
Gain on sale of property, plant & equipment and businesses 3,997 23,752 14,944
Other operating expense, net (29,975) (31,647) (34,805)
Operating earnings 895,731 877,458 747,713
Other nonoperating income (expense), net (17,540) 9,243 13,000
Interest income 1,567 1,155 554
Interest expense 135,960 130,155 137,977
Earnings from continuing operations before income taxes 743,798 757,701 623,290
Income tax expense      
Current 93,948 58,941 40,516
Deferred 61,855 76,257 64,933
Total income tax expense 155,803 135,198 105,449
Earnings from continuing operations 587,995 622,503 517,841
Loss on discontinued operations, net of tax (3,515) (4,841) (2,036)
Net earnings 584,480 617,662 515,805
Other comprehensive income (loss), net of tax      
Deferred gain (loss) on interest rate derivative (14,679) 0 2,496
Amortization of prior interest rate derivative loss 1,689 227 226
Adjustment for funded status of benefit plans 6,366 (26,892) (207)
Amortization of actuarial loss and prior service cost for benefit plans 23,057 1,142 4,365
Other comprehensive income (loss) 16,433 (25,523) 6,880
Comprehensive income $ 600,913 $ 592,139 $ 522,685
Basic earnings (loss) per share      
Continuing operations $ 4.44 $ 4.71 $ 3.91
Discontinued operations (0.03) (0.04) (0.01)
Net earnings 4.41 4.67 3.90
Diluted earnings (loss) per share      
Continuing operations 4.41 4.67 3.87
Discontinued operations (0.02) (0.04) (0.02)
Net earnings $ 4.39 $ 4.63 $ 3.85
Weighted-average common shares outstanding      
Basic 132,578 132,300 132,393
Assuming dilution 133,245 133,385 133,926
[1]

1

The geographic markets are defined by states as follows:

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

Gulf Coast market — Alabama, Florida, Georgia, Louisiana, Mexico, Mississippi, Oklahoma, South Carolina and Texas

West market — Arizona, California and New Mexico