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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales (1) $ 1,595,631 [1] $ 840,361 [1] $ 3,246,735 [1] $ 1,419,674 [1]
Operating costs and expenses:        
Cost of sales 1,429,452 751,075 2,890,575 1,289,790
Direct operating expenses 62,215 62,924 119,138 124,368
Selling, general and administrative expenses 38,585 29,182 72,915 60,989
Depreciation and amortization 24,787 25,368 50,234 51,690
Total operating costs and expenses 1,555,039 868,549 3,132,862 1,526,837
Gain (loss) on disposition of assets (80) 474 (68) 474
Operating income (loss) 40,512 (27,714) 113,805 (106,689)
Interest expense (20,758) (21,735) (41,198) (48,320)
Equity earnings of investees 2,015 1,209 1,770 1,106
Other income (loss), net (4,880) (365) (36,793) 13,839
Income (loss) before income tax expense (benefit), non-controlling interest in income (loss) of subsidiaries 16,889 (48,605) 37,584 (140,064)
Income tax expense (benefit) 2,478 (17,093) 9,948 (51,806)
Income (loss) before non-controlling interest in income (loss) of subsidiaries 14,411 (31,512) 27,636 (88,258)
Non-controlling interest in income (loss) of subsidiaries 677 (2,253) 837 (6,057)
Net income (loss) available to common stockholders $ 13,734 $ (29,259) $ 26,799 $ (82,201)
Income (loss) per share, basic $ 0.25 $ (0.54) $ 0.49 $ (1.52)
Weighted average shares outstanding, basic (in thousands) 55,533 54,164 55,041 54,162
Income (loss) per share, diluted $ 0.22 $ (0.54) $ 0.44 $ (1.52)
Weighted average shares outstanding, diluted (in thousands) 61,517 54,164 61,000 54,162
Cash dividends per share $ 0.04 $ 0.04 $ 0.08 $ 0.08
[1] Includes excise taxes on sales by the retail segment of $15,193 and $13,531 for the three months and $29,411 and $26,317 for the six months ended June 30, 2011, and 2010, respectively.