Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 5,194,694 $ 5,008,744 $ 3,486,207
Cost of sales 3,590,874 3,522,025 2,511,818
Gross profit 1,603,820 1,486,719 974,389
Selling, general, and administrative expense 724,995 689,555 497,970
Operating profit 878,825 797,164 476,419
Other income (expense), net:      
Interest expense (74,614) (56,716) (29,143)
Loss on extinguishment of debt     (13,837)
Other, net 21,272 1,687 4
Other expense, net (53,342) (55,029) (42,976)
Income before income taxes 825,483 742,135 433,443
Income tax expense (211,229) (186,146) (109,427)
Net income $ 614,254 $ 555,989 $ 324,016
Net income per common share:      
Basic $ 19.44 $ 17.26 $ 9.88
Diluted $ 19.33 $ 17.14 $ 9.78
Weighted average shares outstanding:      
Basic 31,597,508 32,213,839 32,801,906
Diluted 31,776,901 32,440,405 33,146,171