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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 233,190 $ 237,680 $ 448,650 $ 461,990
Cost of sales (178,660) (177,000) (346,430) (347,600)
Gross profit 54,530 60,680 102,220 114,390
Selling, general and administrative expenses (34,470) (30,810) (72,170) (62,590)
Operating profit 20,060 29,870 30,050 51,800
Other expense, net:        
Interest expense (3,970) (3,500) (7,670) (6,910)
Other income (expense), net 160 270 90 (10)
Other expense, net (3,810) (3,230) (7,580) (6,920)
Income before income tax expense 16,250 26,640 22,470 44,880
Income tax expense (5,230) (6,780) (6,540) (10,850)
Net income $ 11,020 $ 19,860 $ 15,930 $ 34,030
Basic earnings per share        
Net income per share $ 0.27 $ 0.47 $ 0.38 $ 0.80
Weighted average common shares—basic 41,462,452 42,297,525 41,503,039 42,548,366
Diluted earnings per share        
Net income per share $ 0.26 $ 0.47 $ 0.38 $ 0.80
Weighted average common shares—diluted 41,645,184 42,481,199 41,723,611 42,795,446