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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 215,460 $ 224,310
Cost of sales (167,770) (170,600)
Gross profit 47,690 53,710
Selling, general and administrative expenses (37,700) (31,780)
Operating profit 9,990 21,930
Other expense, net:    
Interest expense (3,700) (3,410)
Other income (expense), net (70) (280)
Other expense, net (3,770) (3,690)
Income before income tax expense 6,220 18,240
Income tax expense (1,310) (4,070)
Net income $ 4,910 $ 14,170
Basic earnings per share    
Net income per share $ 0.12 $ 0.33
Weighted average common shares—basic 41,543,625 42,799,206
Diluted earnings per share    
Net income per share $ 0.12 $ 0.33
Weighted average common shares—diluted 41,802,037 43,109,693