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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 237,680 $ 218,990 $ 461,990 $ 425,720
Cost of sales (177,000) (160,960) (347,600) (316,360)
Gross profit 60,680 58,030 114,390 109,360
Selling, general and administrative expenses (30,810) (32,460) (62,590) (62,680)
Operating profit 29,870 25,570 51,800 46,680
Other expense, net:        
Interest expense (3,500) (4,120) (6,910) (7,670)
Debt financing and related expenses 0 (10,320) 0 (10,520)
Other income (expense), net 270 670 (10) (260)
Other expense, net (3,230) (13,770) (6,920) (18,450)
Income before income tax expense 26,640 11,800 44,880 28,230
Income tax benefit (expense) (6,780) 40 (10,850) (3,330)
Net income $ 19,860 $ 11,840 $ 34,030 $ 24,900
Basic earnings per share        
Net income per share $ 0.47 $ 0.27 $ 0.80 $ 0.58
Weighted average common shares—basic 42,297,525 43,110,191 42,548,366 43,147,599
Diluted earnings per share        
Net income per share $ 0.47 $ 0.27 $ 0.80 $ 0.57
Weighted average common shares—diluted 42,481,199 43,308,356 42,795,446 43,471,616