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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 206,730 $ 182,790
Cost of sales (155,400) (136,420)
Gross profit 51,330 46,370
Selling, general and administrative expenses (30,220) (26,540)
Operating profit 21,110 19,830
Other expense, net:    
Interest expense (3,550) (3,580)
Debt financing and related expenses (200) 0
Other expense, net (930) (80)
Other expense, net (4,680) (3,660)
Income before income tax expense 16,430 16,170
Income tax expense (3,370) (3,050)
Net income $ 13,060 $ 13,120
Basic earnings per share    
Net income per share $ 0.30 $ 0.30
Weighted average common shares—basic 43,185,007 44,201,053
Diluted earnings per share    
Net income per share $ 0.30 $ 0.30
Weighted average common shares—diluted 43,634,876 44,470,472