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Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
NET SALES $ 352,499 $ 388,944 $ 710,192 $ 775,392
Cost of sales 312,504 335,385 637,075 671,842
GROSS PROFIT 39,995 53,559 73,117 103,550
Selling, general and administrative expenses 15,964 22,289 30,447 44,646
INCOME FROM OPERATIONS 24,031 31,270 42,670 58,904
Interest expense, net (11,852) (13,182) (23,725) (25,039)
Other income (expense), net 2,539 (570) 2,040 (3,558)
Change in fair value of redeemable preferred stock embedded derivative 93 (4,588) 719 (3,690)
INCOME BEFORE INCOME TAXES 14,811 12,930 21,704 26,617
Income tax provision (7,541) (4,795) (12,484) (8,165)
NET INCOME $ 7,270 $ 8,135 $ 9,220 $ 18,452
EARNINGS (LOSS) PER SHARE – BASIC $ (0.04) $ (0.02) $ (0.27) $ 0.05
EARNINGS (LOSS) PER SHARE – DILUTED $ (0.04) $ (0.02) $ (0.27) $ 0.05