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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,266,930 $ 1,139,643 $ 3,094,150 $ 2,807,023
Cost of goods sold 1,054,371 957,704 2,591,837 2,383,500
Gross profit 212,559 181,939 502,313 423,523
Selling, general and administrative expenses 73,432 51,711 227,268 162,092
Rationalization charges 561 7,821 4,485 13,929
Income from operations 138,566 [1] 122,407 270,560 [1] 247,502
Interest and other debt expense before loss on early extinguishment of debt 30,583 17,318 80,207 50,657
Loss on early extinguishment of debt 0 0 7,052 0
Interest and other debt expense 30,583 17,318 87,259 50,657
Income before taxes 107,983 105,089 183,301 196,845
Provision for income taxes 35,601 35,319 59,762 67,190
Net income $ 72,382 $ 69,770 $ 123,539 $ 129,655
Earnings per share        
Basic net income per share (usd per share) [2] $ 0.66 $ 0.58 $ 1.12 $ 1.07
Diluted net income per share (usd per share) [2] 0.65 0.57 1.11 1.07
Dividends per share (usd per share) [2] $ 0.09 $ 0.09 $ 0.27 $ 0.26
Weighted average number of shares        
Basic (in shares) [2] 110,391 120,891 110,327 120,934
Effect of dilutive securities (in shares) [2] 1,036 767 996 741
Diluted (in shares) [2] 111,427 121,658 111,323 121,675
[1] Income from operations for Corporate includes costs attributed to announced acquisitions of $0.8 million and $23.8 million for the three and nine months ended September 30, 2017, respectively. Income from operations for Metal Containers includes a $3.0 million charge for the nine months ended September 30, 2017 related to the resolution of a past non-commercial legal dispute.
[2] Per share and share amounts for 2016 have been retroactively adjusted for the two-for-one stock split discussed in Note 1.