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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 218,990 $ 199,550 $ 425,720 $ 382,340
Cost of sales (160,960) (162,320) (316,360) (298,740)
Gross profit 58,030 37,230 109,360 83,600
Selling, general and administrative expenses (32,460) (55,380) (62,680) (81,920)
Operating profit (loss) 25,570 (18,150) 46,680 1,680
Other expense, net:        
Interest expense (4,120) (4,230) (7,670) (7,810)
Debt financing and related expenses (10,320) 0 (10,520) 0
Other income (expense), net 670 1,130 (260) 1,050
Other expense, net (13,770) (3,100) (18,450) (6,760)
Income (loss) before income tax expense 11,800 (21,250) 28,230 (5,080)
Income tax benefit (expense) 40 5,550 (3,330) 2,500
Net income (loss) $ 11,840 $ (15,700) $ 24,900 $ (2,580)
Basic earnings per share        
Net income (loss) per share $ 0.27 $ (0.36) $ 0.58 $ (0.06)
Weighted average common shares—basic 43,110,191 43,463,235 43,147,599 43,832,144
Diluted earnings per share        
Net income (loss) per share $ 0.27 $ (0.36) $ 0.57 $ (0.06)
Weighted average common shares—diluted 43,308,356 43,463,235 43,471,616 43,832,144