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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales $ 1,469,577   $ 3,507,540   $ 4,064,670 $ 6,487,166
Cost of sales 1,229,630   3,340,397   3,678,985 6,163,179
Gross profit 239,947   167,143   385,685 323,987
Costs and operating expenses:            
Selling, general and administrative expenses 59,017   40,968   99,940 82,058
Operating expenses 76,714   86,451   159,267 169,395
Lease exit and termination gain           (493)
Amortization expense 2,713   2,977   5,425 5,953
Net gain on sale and disposition of assets (811)   (1,128)   (68) (575)
Long-lived asset impairment 1,724       1,724  
Total costs and operating expenses 139,357   129,268   266,288 256,338
Operating income 100,590   37,875   119,397 67,649
Interest expense (21,089)   (23,066)   (42,690) (46,022)
Income before income tax (expense) benefit 79,501   14,809   76,707 21,627
Income tax (expense) benefit (3,528)   (438)   2,341 (462)
Net income 75,973 $ 3,075 14,371 $ 6,794 79,048 21,165
Net loss attributable to noncontrolling interest 289   118   490 450
Net income attributable to Global Partners LP 76,262   14,489   79,538 21,615
Less: General partner's interest in net income, including incentive distribution rights 511   366   533 670
Series A Preferred Limited Partners            
Costs and operating expenses:            
Limited partners' interest in net income 1,682   1,682   3,364 3,364
Common Limited Partners            
Costs and operating expenses:            
Limited partners' interest in net income $ 74,069   $ 12,441   $ 75,641 $ 17,581
Basic net income per limited partner unit (in dollars per unit) $ 2.19   $ 0.37   $ 2.23 $ 0.52
Diluted net income per limited partner unit (in dollars per unit) $ 2.17   $ 0.36   $ 2.21 $ 0.51
Basic weighted average limited partner units outstanding (in units) 33,869   33,755   33,869 33,754
Diluted weighted average limited partner units outstanding (in units) 34,204   34,286   34,248 34,259