Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Sales $ 431,675 $ 434,713 $ 790,896 $ 800,910
Cost of goods sold 316,180 326,309 594,491 614,385
Gross profit 115,495 108,404 196,405 186,525
Selling, general and administrative expenses 43,375 43,477 84,083 84,095
Other operating expense, net 1,819 15,873 12,558 25,187
Operating income 70,301 49,054 99,764 77,243
Equity in net (income) from affiliated companies (12,300) (13,666) (14,364) (25,518)
Interest expense, net 28,540 27,221 57,158 56,384
Debt extinguishment costs 0 0 0 5,879
Other expense, net 3,035 5,691 56 10,663
Income before income taxes and noncontrolling interest 51,026 29,808 56,914 29,835
Provision for income taxes 20,307 13,649 22,754 13,120
Net income 30,719 16,159 34,160 16,715
Less: Net income attributable to the noncontrolling interest 145 377 435 719
Net income attributable to PQ Group Holdings Inc. $ 30,574 $ 15,782 $ 33,725 $ 15,996
Net income per share:        
Basic income per share (usd per share) $ 0.23 $ 0.12 $ 0.25 $ 0.12
Diluted income per share (usd per share) $ 0.23 $ 0.12 $ 0.25 $ 0.12
Weighted average shares outstanding:        
Basic (shares) 134,142,552 133,222,463 134,044,972 133,188,303
Diluted (shares) 135,323,024 134,209,740 135,107,007 134,047,362