Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income (Loss)

v3.22.4
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 616,068 $ 541,453 $ 480,154
Cost of sales 464,612 399,581 351,874
Gross profit 151,456 141,872 128,280
Selling, general, and administrative expense 82,183 78,844 64,617
Impairment charges 0 1,211 127,872
Intangibles amortization 10,520 10,682 10,931
Income (loss) from operations 58,753 51,135 (75,140)
Interest expense, net (11,253) (11,839) (20,238)
Debt modification expense 0 0 (3,542)
Loss on extinguishment of debt 0 (4,936) 0
Other income (expense), net (139) 228 91
Income (loss) before taxes 47,361 34,588 (98,829)
Income tax expense (benefit) 8,752 3,897 (12,276)
Net income (loss) $ 38,609 $ 30,691 $ (86,553)
Earnings (loss) per share:      
Basic earnings (loss) per common share attributable to common shareholders (in dollars per share) $ 1.65 $ 1.31 $ (3.81)
Earnings (loss) per common share assuming dilution attributable to common shareholders (in dollars per share) 1.63 1.29 (3.81)
Cash dividends declared and paid per share (in dollars per share) $ 1.16 $ 1.14 $ 1.12