| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
3,336,000 | 3,204,000 | 3,017,000 | 2,913,000 | 2,904,000 | 3,570,000 | 3,224,000 | 2,910,000 | 2,834,000 | 3,235,000 | 4,608,000 |
Cost of Goods and Services Sold | ||||||||||
2,730,000 | 2,548,000 | 2,317,000 | 2,263,000 | 2,279,000 | 2,989,000 | 2,829,000 | 2,752,000 | 2,697,000 | 3,090,000 | 4,416,000 |
Gross Profit | ||||||||||
606,000 | 656,000 | 700,000 | 650,000 | 625,000 | 581,000 | 395,000 | 158,000 | 137,000 | 145,000 | 192,000 |
Selling and administrative expenses | ||||||||||
379,000 | 303,000 | 297,000 | 302,000 | 323,000 | 320,000 | 304,000 | 289,000 | 295,000 | 304,000 | 380,000 |
Litigation settlement charge | ||||||||||
- | - | - | - | -48,000 | 0 | 0 | - | - | - | - |
Tangible Asset Impairment Charges | ||||||||||
0 | 0 | 10,000 | 0 | 90,000 | 0 | 8,000 | - | - | - | - |
Contract Termination Charge And Loss (Recovery) On Receivable | ||||||||||
0 | 0 | -3,000 | -6,000 | 15,000 | 0 | 0 | - | - | - | - |
Gain on disposal of shipping operations, net | ||||||||||
- | - | - | 1,000 | 0 | 0 | - | - | - | - | - |
Litigation settlement income | ||||||||||
- | - | - | - | - | - | - | - | - | 97,000 | - |
Restructuring charges | ||||||||||
- | - | - | - | - | 3,000 | 10,000 | 75,000 | 110,000 | 80,000 | 98,000 |
Goodwill and other intangible asset impairment charges | ||||||||||
- | - | - | - | - | - | - | - | - | 43,000 | 226,000 |
Operating Income (Loss) | ||||||||||
227,000 | 353,000 | 396,000 | 355,000 | 149,000 | 258,000 | 73,000 | -206,000 | -268,000 | -185,000 | -512,000 |
Income from equity method investments | ||||||||||
42,000 | 59,000 | 49,000 | 48,000 | 33,000 | -1,000 | 0 | - | - | - | - |
Interest expense | ||||||||||
57,000 | 69,000 | 145,000 | 163,000 | 179,000 | 203,000 | 206,000 | 211,000 | 183,000 | 165,000 | 86,000 |
Interest income | ||||||||||
7,000 | 4,000 | 4,000 | 2,000 | 1,000 | 3,000 | 4,000 | 6,000 | 5,000 | 4,000 | 7,000 |
Income and gain from the sale of equity method investment to related party | ||||||||||
- | - | - | 13,000 | 2,000 | 2,000 | - | - | - | - | - |
Gain on deconsolidation of subsidiaries and consolidated joint ventures | ||||||||||
- | - | - | - | 27,000 | 0 | 0 | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||||||
0 | -22,000 | -37,000 | -19,000 | 0 | 0 | -41,000 | 0 | 0 | - | - |
Other income, net | ||||||||||
8,000 | 10,000 | 7,000 | 0 | 0 | - | - | 1,000 | -1,000 | 9,000 | 10,000 |
Income from continuing operations before income taxes | ||||||||||
227,000 | 335,000 | 274,000 | 236,000 | 33,000 | 59,000 | -170,000 | -410,000 | -447,000 | -337,000 | -581,000 |
Income Tax Expense (Benefit) | ||||||||||
34,000 | 238,000 | 63,000 | -740,000 | 7,000 | 11,000 | 12,000 | -14,000 | -37,000 | 450,000 | -118,000 |
Income from continuing operations | ||||||||||
- | - | - | 976,000 | 26,000 | 48,000 | -182,000 | -396,000 | -410,000 | - | - |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ||||||||||
193,000 | 97,000 | 211,000 | - | - | - | - | -396,000 | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ||||||||||
3,000 | -9,000 | 20,000 | 15,000 | 12,000 | -2,000 | 2,000 | 6,000 | 5,000 | - | - |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ||||||||||
0 | 0 | 279,000 | 0 | 0 | - | 55,000 | 0 | 0 | - | - |
Net income | ||||||||||
- | - | - | - | 38,000 | 46,000 | -125,000 | -390,000 | -405,000 | - | - |
Less: Net income attributable to noncontrolling interest | ||||||||||
- | - | - | - | 1,000 | -1,000 | 1,000 | 0 | 0 | - | - |
Net Income (Loss) Attributable to Parent | ||||||||||
196,000 | 88,000 | 510,000 | 991,000 | 37,000 | 47,000 | -126,000 | -390,000 | -405,000 | -787,000 | -463,000 |
Earnings per common share - basic: | ||||||||||
Income from continuing operations (in dollars per share) | ||||||||||
1.38 | 0.67 | 1.45 | 6.70 | 0.18 | 0.45 | -1.72 | -3.81 | -4.08 | - | - |
Income (loss) from and gain on sale of discontinued operations (in dollars per share) | ||||||||||
0.02 | -0.06 | 2.04 | 0.11 | 0.08 | -0.02 | 0.53 | 0.05 | 0.05 | - | - |
Earnings Per Share, Basic | ||||||||||
1.40 | 0.61 | 3.49 | 6.81 | 0.26 | 0.43 | -1.19 | -3.76 | -4.03 | -7.93 | -4.67 |
Earnings per common share - diluted: | ||||||||||
Income from continuing operations (in dollars per share) | ||||||||||
1.36 | 0.66 | 1.44 | 6.62 | 0.17 | 0.44 | -1.72 | -3.81 | -4.08 | - | - |
Income (loss) from and gain on sale of discontinued operations (in dollars per share) | ||||||||||
0.02 | -0.06 | 2.02 | 0.11 | 0.08 | -0.02 | 0.53 | 0.05 | 0.05 | - | - |
Earnings Per Share, Diluted | ||||||||||
1.38 | 0.60 | 3.46 | 6.73 | 0.25 | 0.42 | -1.19 | -3.76 | -4.03 | -7.93 | -4.67 |
Average number of shares outstanding reconciliation | ||||||||||
Average common shares (in shares) | ||||||||||
140,250 | 144,447 | 145,929 | 145,457 | 141,722 | 108,900 | 106,382 | 103,902 | 100,471 | - | - |
Dilutive awards under long-term incentive plan (in shares) | ||||||||||
2,360 | 2,263 | 1,731 | 1,624 | - | - | - | - | - | - | - |
Deferred shares for non-employee directors (in shares) | ||||||||||
- | - | - | 164 | - | - | - | - | - | - | - |
Average diluted common shares (in shares) | ||||||||||
142,611 | 146,710 | 147,660 | 147,246 | 144,296 | 111,434 | 106,382 | 103,902 | 100,471 | - | - |
Cash dividend declared per share (in dollars per share) | ||||||||||
0.50 | 0.00 | 0.00 | - | - | - | - | - | - | - | - |