| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
2,319 | 2,267 | 1,767 | 1,845 | 2,027 | 1,863 | 1,635 | 1,461 | 1,187 | 640 | 337 |
Cost of sales | ||||||||||
2,012 | 1,983 | 1,506 | 1,519 | 1,724 | 1,630 | 1,420 | 1,298 | 1,120 | 612 | 360 |
Gross profit | ||||||||||
306 | 283 | 260 | 325 | 303 | 232 | 215 | 163 | 66 | 28 | -22 |
General and administrative expenses | ||||||||||
108 | 95 | 77 | 74 | 73 | 61 | 58 | 44 | 30 | 29 | 31 |
Selling expenses | ||||||||||
34 | 33 | 25 | 27 | 27 | 26 | 30 | 23 | 12 | 10 | 11 |
Amortization of intangible assets | ||||||||||
20 | 19 | 17 | 19 | 21 | 21 | 21 | 10 | 2 | 2 | - |
Acquisition expenses | ||||||||||
0 | 0 | 9 | 0 | 0 | - | - | 14 | 0 | 0 | - |
Impairment | ||||||||||
0 | 24 | 0 | 1 | 1 | 0 | 0 | - | - | - | - |
(Loss) income from operations | ||||||||||
142 | 110 | 130 | 202 | 180 | 122 | 103 | 70 | 19 | -15 | -66 |
Other income (expense): | ||||||||||
Interest expense | ||||||||||
27 | 28 | 16 | 15 | 19 | 22 | 26 | 21 | 4 | 4 | 4 |
Loss on debt extinguishment | ||||||||||
- | - | - | - | - | - | - | - | -0 | - | - |
Increase in fair value of warrant | ||||||||||
- | - | - | - | - | - | - | - | - | -121 | -33 |
Other, net | ||||||||||
2 | 13 | 8 | -1 | 2 | -1 | 0 | -0 | 0 | -0 | -0 |
Other expense, net | ||||||||||
-25 | -14 | -8 | -17 | - | - | - | - | - | - | - |
(Loss) income before income tax (benefit) expense | ||||||||||
117 | 96 | 122 | 185 | 163 | 98 | 77 | 48 | 15 | -141 | -104 |
Income tax (benefit) expense | ||||||||||
28 | 26 | 11 | 65 | 59 | 37 | 31 | -56 | 0 | -0 | -3 |
Net (loss) income | ||||||||||
89 | 69 | 111 | 119 | 104 | 60 | 46 | 105 | 15 | -141 | -101 |
PREFERRED STOCK DIVIDENDS AND EARLY EXTINGUISHMENT | ||||||||||
- | - | - | - | - | - | - | - | - | 25 | 3 |
NET INCOME (LOSS) APPLICABLE TO COMMON STOCKHOLDERS | ||||||||||
- | - | - | - | - | - | - | - | - | -167 | -105 |
Basic (in usd per share) | ||||||||||
1.64 | 1.22 | 1.88 | 1.87 | 1.55 | 0.88 | 0.67 | 1.53 | - | -3.36 | - |
Diluted (in usd per share) | ||||||||||
1.62 | 1.19 | 1.78 | 1.80 | 1.50 | 0.85 | 0.67 | 1.53 | - | - | - |
Weighted average common shares outstanding (in thousands): | ||||||||||
Weighted average common shares outstanding (in thousands): | ||||||||||
Basic (in shares) | ||||||||||
54 | 56 | 59 | 63 | - | - | - | - | - | - | - |
Diluted (in shares) | ||||||||||
55 | 58 | 62 | 65 | - | - | - | - | - | - | - |
Dividends declared per share (in usd per share) | ||||||||||
0.32 | 0.30 | 0.25 | 0.06 | 0.00 | - | - | - | - | - | - |
BASIC AND DILUTED NET INCOME PER SHARE | ||||||||||
- | - | - | - | - | - | - | - | 0.22 | - | -3.48 |
Changes in fair value of derivatives, net of tax | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Reclassification adjustment for interest rate swaps included in net loss | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1 |
NET COMPREHENSIVE INCOME | ||||||||||
- | - | - | - | - | - | - | - | - | - | -100 |