| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||
3,315,660 | 3,077,257 | 2,789,345 | 2,300,920 | 1,748,162 | 1,216,637 | 906,119 | 782,676 | 632,478 |
Cost of sales, excluding depreciation and amortization | ||||||||
2,370,655 | 2,220,452 | 1,994,889 | 1,551,531 | 1,186,930 | 866,124 | 628,613 | 565,185 | 355,088 |
Depreciation and amortization | ||||||||
186,801 | 182,213 | 162,179 | 136,548 | 95,435 | 63,124 | 51,036 | 45,245 | 54,667 |
Freight and distribution expenses | ||||||||
299,872 | 279,023 | 234,469 | 175,901 | 135,972 | 108,438 | 79,643 | 73,406 | 57,395 |
Selling, general, and administrative expenses | ||||||||
265,131 | 224,127 | 210,844 | 137,009 | 110,612 | 70,055 | 41,265 | 31,129 | 31,377 |
Multiemployer pension plan withdrawal expense | ||||||||
- | 6,376 | - | - | - | - | - | - | - |
Gain on sale of business | ||||||||
- | - | - | - | - | - | - | - | 16,417 |
Other operating income | ||||||||
- | - | - | - | 675 | 664 | 1,179 | 992 | 994 |
Operating income | ||||||||
193,201 | 165,066 | 186,964 | 299,931 | 219,888 | 109,560 | 106,741 | 68,703 | 151,362 |
Foreign exchange loss / (gain) | ||||||||
993 | -2,255 | -2,556 | -1,222 | 232 | -303 | -319 | -666 | 219 |
Pension income | ||||||||
5,924 | 5,580 | 12,203 | - | - | - | - | - | - |
Loss on debt extinguishment | ||||||||
-1,305 | -679 | -1,218 | -5,617 | - | - | - | - | - |
Equity method investments income | ||||||||
1,752 | 548 | - | - | - | - | - | - | - |
Interest expense, net | ||||||||
-52,282 | -40,078 | -33,759 | -32,491 | -25,130 | -11,774 | -6,081 | -5,403 | -19,164 |
Income before provision for income taxes | ||||||||
148,283 | 128,182 | 161,634 | 260,601 | 194,990 | 97,483 | 100,341 | 62,634 | 132,417 |
Provision for income taxes | ||||||||
-95,220 | 41,930 | 55,248 | 88,686 | 67,652 | 34,978 | -23,640 | -2,407 | 52,137 |
Net income | ||||||||
243,503 | 86,252 | 106,386 | 171,915 | 127,338 | 62,505 | 123,981 | 65,041 | 80,280 |
Other comprehensive income | ||||||||
Foreign currency translation adjustment | ||||||||
373 | -551 | - | - | - | - | - | - | - |
Net actuarial gain/(loss) | ||||||||
12,178 | 502 | -13,182 | -59,645 | 10,491 | -909 | -2,435 | -434 | - |
Prior service cost | ||||||||
2,063 | - | - | - | - | - | - | - | - |
Pension and postretirement plan reclassification adjustments, net of tax: | ||||||||
Accretion of prior service costs | ||||||||
-282 | -416 | 1,413 | 128 | -43 | 105 | 235 | -541 | - |
Amortization of net loss | ||||||||
-2,426 | -2,403 | -502 | 7 | -189 | -162 | -42 | -320 | - |
Other comprehensive income, net of tax | ||||||||
12,632 | 1,938 | -11,267 | -59,524 | 10,637 | -642 | -2,158 | 213 | - |
Total comprehensive income | ||||||||
256,135 | 88,190 | 95,119 | 112,391 | 137,975 | 61,863 | 121,823 | 64,828 | - |
Weighted average number of shares outstanding: | ||||||||
Basic (in shares) | ||||||||
96,859 | 96,533 | 96,257 | 95,900 | 95,258 | 93,426 | 92,574 | 45,854 | 34,675 |
Diluted (in shares) | ||||||||
98,615 | 97,777 | 97,635 | 97,459 | 96,739 | 95,452 | 94,975 | 46,979 | 35,067 |
Net income per share: | ||||||||
Basic (in dollars per share) | ||||||||
2.51 | 0.89 | 1.11 | 1.79 | 1.34 | 0.67 | 1.34 | 1.42 | 2.32 |
Diluted (in dollars per share) | ||||||||
2.47 | 0.88 | 1.09 | 1.76 | 1.32 | 0.65 | 1.31 | 1.38 | 2.29 |
Dividends declared per common share | ||||||||
0.40 | 0.40 | 0.40 | 0.10 | - | 1.00 | - | - | - |