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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales $ 179,175 $ 173,326 $ 522,532 $ 518,310
Cost of goods sold 124,472 120,142 374,943 367,662
Gross profit 54,703 53,184 147,589 150,648
Selling, general and administrative expenses 19,950 16,945 64,260 59,460
Other operating expense, net 3,212 4,310 9,987 17,288
Operating income 31,541 31,929 73,342 73,900
Equity in net (income) from affiliated companies 922 (4,708) (2,543) (16,305)
Interest expense, net 11,305 11,811 37,609 30,812
Debt extinguishment costs 0 0 4,560 0
Other expense, net 566 361 1,193 543
Income before income taxes 18,748 24,465 32,523 58,850
Provision for income taxes 4,497 7,891 8,756 17,625
Net income $ 14,251 $ 16,574 $ 23,767 $ 41,225
Net income per share:        
Basic income per share (in dollars per share) $ 0.12 $ 0.14 $ 0.20 $ 0.35
Diluted income per share (in dollars per share) $ 0.12 $ 0.14 $ 0.20 $ 0.34
Weighted average shares outstanding:        
Basic (in shares) 116,490,634 116,446,085 116,786,759 119,042,161
Diluted (in shares) 117,187,054 117,374,347 117,425,254 120,417,132