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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues [1] $ 371,914 $ 365,662 $ 696,481 $ 699,807
Cost of sales:        
Total cost of sales [1] 244,594 248,984 462,495 481,270
Operating, selling, administrative and general expenses 29,461 26,930 58,155 54,222
Litigation settlement and judgment expense 73 18,105 264 18,375
Operating income 97,786 71,643 175,567 145,940
Other income (expenses):        
Interest expense (26,583) (27,124) (54,032) (54,598)
Loss on extinguishment of debt 0 (40) 0 (181)
Equity in (losses) earnings from investments (641) 959 1,497 800
Equity in (losses) earnings from real estate ventures (1,213) 2,954 (11,934) 1,061
Other, net 5,585 4,791 11,970 8,411
Income before provision for income taxes 74,934 53,183 123,068 101,433
Income tax expense 20,756 15,094 34,090 28,603
Net income $ 54,178 $ 38,089 $ 88,978 $ 72,830
Per basic common share:        
Net income applicable to common shares (in dollars per share) $ 0.34 $ 0.24 $ 0.56 $ 0.46
Per diluted common share:        
Net income applicable to common shares (in dollars per share) $ 0.34 $ 0.24 $ 0.56 $ 0.46
Revenue, Product and Service [Extensible Enumeration] Tobacco [Member] Tobacco [Member] Tobacco [Member] Tobacco [Member]
[1] Revenues and cost of sales include federal excise taxes of $120,452, $126,750, $226,275 and $244,568 for the three and six months ended June 30, 2024 and 2023, respectively.