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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales [1] $ 1,008,388 $ 1,301,341 $ 1,858,361 $ 2,404,581
Operating costs and expenses:        
Cost of sales 871,394 1,069,931 1,606,538 1,964,419
Direct operating expenses 63,182 62,856 131,799 127,061
Selling, general and administrative expenses 51,644 49,193 100,345 94,789
Depreciation and amortization 36,985 31,267 71,847 63,229
Total operating costs and expenses 1,023,205 1,213,247 1,910,529 2,249,498
Gain (loss) on disposition of assets 6 0 (2,082) 572
Operating income (loss) (14,811) 88,094 (54,250) 155,655
Interest expense (18,799) (18,217) (37,106) (39,254)
Equity earnings of investees 4,305 1,828 4,683 1,274
Other income, net 146 13 218 59
Income (loss) before income tax expense (benefit) (29,159) 71,718 (86,455) 117,734
Income tax expense (benefit) (8,529) 23,856 (29,765) 35,817
Net income (loss) (20,630) 47,862 (56,690) 81,917
Net income (loss) attributable to non-controlling interest (260) 11,452 (783) 18,568
Net income (loss) available to stockholders $ (20,370) $ 36,410 $ (55,907) $ 63,349
Earnings (loss) per share, basic $ (0.29) $ 0.52 $ (0.80) $ 0.91
Weighted average shares outstanding, basic (in thousands) 70,493 69,684 70,318 69,584
Earnings (loss) per share, diluted $ (0.29) $ 0.50 $ (0.80) $ 0.87
Weighted average shares outstanding, diluted (in thousands) 70,493 72,501 70,318 72,395
Cash dividends per share $ 0.15 $ 0.15 $ 0.30 $ 0.25
[1] Includes excise taxes on sales by the retail segment of $19,864 and $19,369 for the three months and $39,389 and $37,425 for the six months ended June 30, 2016 and 2015, respectively.