XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
NET REVENUE $ 1,015,848 $ 915,784
COST OF REVENUE 786,843 714,848
GROSS PROFIT 229,005 200,936
OPERATING COSTS AND EXPENSES:    
Selling, general and administrative expenses 147,866 133,969
Depreciation and amortization expense 14,514 14,722
Total operating expenses 162,380 148,691
OPERATING INCOME 66,625 52,245
OTHER INCOME (EXPENSE):    
Interest expense, net (13,834) (12,246)
Equity in earnings of joint ventures 1,437 1,267
Other, net 1 2
Total other expense (12,396) (10,977)
INCOME BEFORE INCOME TAXES 54,229 41,268
INCOME TAX EXPENSE 15,021 10,993
NET INCOME 39,208 30,275
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX:    
Change in unrealized (loss) gain on cash flow hedges, net of income tax benefit (expense) of $1,152 and ($3,763), respectively (3,443) 11,070
OTHER COMPREHENSIVE (LOSS) INCOME (3,443) 11,070
NET COMPREHENSIVE INCOME $ 35,765 $ 41,345
EARNINGS PER COMMON SHARE:    
Earnings per share, basic (in dollars per share) $ 0.22 $ 0.17
Earnings per share, diluted (in dollars per share) $ 0.21 $ 0.17
Weighted average common shares outstanding, basic (in shares) 181,262 179,961
Weighted average common shares outstanding, diluted (in shares) 182,735 181,681