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Consolidated Statement of Income Statement - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 203,320 $ 224,900 $ 406,200 $ 449,030
Cost of sales (146,240) (163,180) (293,200) (324,390)
Gross profit 57,080 61,720 113,000 124,640
Selling, general and administrative expenses (38,420) (42,510) (77,890) (82,410)
Operating profit 18,660 19,210 35,110 42,230
Other expense, net:        
Interest expense (3,310) (3,720) (6,750) (7,170)
Debt financing and extinguishment costs 0 (1,970) 0 (1,970)
Other income (expense), net 130 (290) 70 (1,610)
Other expense, net (3,180) (5,980) (6,680) (10,750)
Income from continuing operations before income tax expense 15,480 13,230 28,430 31,480
Income tax expense (5,000) (4,740) (9,650) (11,050)
Income from continuing operations 10,480 8,490 18,780 20,430
Loss from discontinued operations, net of tax 0 (6,780) 0 (4,740)
Net income $ 10,480 $ 1,710 $ 18,780 $ 15,690
Basic earnings per share        
Continuing operations $ 0.23 $ 0.19 $ 0.41 $ 0.45
Discontinued operations 0.00 (0.15) 0.00 (0.10)
Net income per share $ 0.23 $ 0.04 $ 0.41 $ 0.35
Weighted average common shares—basic 45,429,851 45,150,827 45,354,421 45,074,394
Diluted earnings per share        
Continuing operations $ 0.23 $ 0.19 $ 0.41 $ 0.45
Discontinued operations 0.00 (0.15) 0.00 (0.10)
Net income per share $ 0.23 $ 0.04 $ 0.41 $ 0.35
Weighted average common shares—diluted 45,726,348 45,418,907 45,690,582 45,409,875