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Consolidated Statement of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 235,340 $ 218,530 $ 683,990 $ 680,520
Cost of sales (179,410) (170,200) (525,840) (517,800)
Gross profit 55,930 48,330 158,150 162,720
Selling, general and administrative expenses (32,290) (32,110) (104,410) (94,480)
Net gain on dispositions of assets 120 4,760 70 4,540
Operating profit 23,760 20,980 53,810 72,780
Other expense, net:        
Interest expense (3,950) (3,600) (11,620) (10,510)
Other income (expense), net (120) 860 (30) 850
Other expense, net (4,070) (2,740) (11,650) (9,660)
Income before income tax expense 19,690 18,240 42,160 63,120
Income tax expense (3,200) (4,940) (9,740) (15,790)
Net income $ 16,490 $ 13,300 $ 32,420 $ 47,330
Basic earnings per share        
Net income per share $ 0.40 $ 0.32 $ 0.78 $ 1.12
Weighted average common shares—basic 41,425,208 41,995,027 41,477,095 42,363,919
Diluted earnings per share        
Net income per share $ 0.40 $ 0.32 $ 0.78 $ 1.11
Weighted average common shares—diluted 41,673,381 42,181,440 41,706,867 42,590,777