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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 224,310 $ 206,730
Cost of sales (170,600) (155,400)
Gross profit 53,710 51,330
Selling, general and administrative expenses (31,780) (30,220)
Operating profit 21,930 21,110
Other expense, net:    
Interest expense (3,410) (3,550)
Debt financing and related expenses 0 (200)
Other income (expense), net (280) (930)
Other expense, net (3,690) (4,680)
Income before income tax expense 18,240 16,430
Income tax expense (4,070) (3,370)
Net income $ 14,170 $ 13,060
Basic earnings per share    
Net income per share $ 0.33 $ 0.30
Weighted average common shares—basic 42,799,206 43,185,007
Diluted earnings per share    
Net income per share $ 0.33 $ 0.30
Weighted average common shares—diluted 43,109,693 43,634,876