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Consolidated Statements of Income
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Income Statement [Abstract]      
Net sales $ 4,089,854 $ 3,612,914 $ 3,763,971
Cost of goods sold 3,428,738 3,079,378 3,209,845
Gross profit 661,116 533,536 554,126
Selling, general and administrative expenses 298,300 214,745 219,907
Rationalization charges 5,826 19,061 14,407
Income from operations 356,990 299,730 319,812
Interest and other debt expense before loss on early extinguishment of debt 110,257 67,813 66,926
Loss on early extinguishment of debt 7,052 0 0
Interest and other debt expense 117,309 67,813 66,926
Income before income taxes 239,681 231,917 252,886
(Benefit) provision for income taxes (29,978) 78,566 80,473
Net income $ 269,659 $ 153,351 $ 172,413
Basic net income per share (in dollars per share) | $ / shares [1] $ 2.44 $ 1.28 $ 1.41
Diluted net income per share (in dollars per share) | $ / shares [1] 2.42 1.27 1.41
Dividends per share (in dollars per share) | $ / shares [1] $ 0.36 $ 0.34 $ 0.32
Stock split ratio (in shares) 2,000 2 2
[1] Per share amounts for 2016 and 2015 have been retroactively adjusted for the two-for-one stock split discussed in Note 1.