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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 312,042 $ 270,988
Cost of sales:    
Total cost of sales 212,815 164,907
Operating, selling, administrative and general expenses 24,029 30,101
Litigation settlement and judgment expense 72 5
Operating income 75,126 75,975
Other income (expenses):    
Interest expense (25,098) (28,721)
Loss on extinguishment of debt 0 (21,362)
Equity in (losses) earnings from investments (2,242) 577
Equity in (losses) earnings from real estate ventures (1,877) 1,589
Other, net (1,145) 2,706
Income before provision for income taxes 44,764 30,764
Income tax expense 12,222 9,214
Income from continuing operations 32,542 21,550
Income from discontinued operations, net of income taxes 0 10,407
Net income $ 32,542 $ 31,957
Per basic common share:    
Net income from continuing operations applicable to common shares (in dollars per share) $ 0.21 $ 0.14
Net income from discontinued operations applicable to common shares (in dollars per share) 0 0.06
Net income applicable to common shares (in dollars per share) 0.21 0.20
Per diluted common share:    
Net income from continuing operations applicable to common shares (in dollars per share) 0.21 0.14
Net income from discontinued operations applicable to common shares (in dollars per share) 0 0.06
Net income applicable to common shares (in dollars per share) $ 0.21 $ 0.20
Tobacco    
Revenues:    
Tobacco [1] $ 309,048 $ 268,463
Cost of sales:    
Total cost of sales [1] 211,537 164,031
Real estate    
Revenues:    
Real estate 2,994 2,525
Cost of sales:    
Total cost of sales $ 1,278 $ 876
[1] Revenues and cost of sales include federal excise taxes of $116,079, and $97,714 for the three months ended March 31, 2022 and 2021, respectively.