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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 222,420 $ 199,460 $ 648,140 $ 581,800
Cost of sales (163,980) (147,530) (480,340) (446,270)
Gross profit 58,440 51,930 167,800 135,530
Selling, general and administrative expenses (27,620) (25,650) (90,300) (107,570)
Impairment of goodwill and indefinite-lived intangible assets 0 (134,600) 0 (134,600)
Operating profit (loss) 30,820 (108,320) 77,500 (106,640)
Other expense, net:        
Interest expense (3,440) (3,450) (11,110) (11,260)
Debt financing and related expenses 0 0 (10,520) 0
Other income (expense), net (540) (1,200) (800) (150)
Other expense, net (3,980) (4,650) (22,430) (11,410)
Income (loss) before income tax expense 26,840 (112,970) 55,070 (118,050)
Income tax benefit (expense) (7,250) 12,100 (10,580) 14,600
Net income (loss) $ 19,590 $ (100,870) $ 44,490 $ (103,450)
Basic earnings per share        
Net income (loss) per share $ 0.46 $ (2.32) $ 1.03 $ (2.37)
Weighted average common shares—basic 42,889,922 43,457,704 43,061,707 43,707,331
Diluted earnings per share        
Net income (loss) per share $ 0.45 $ (2.32) $ 1.03 $ (2.37)
Weighted average common shares—diluted 43,094,099 43,457,704 43,345,777 43,707,331