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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 320,671 $ 246,101 $ 548,798 $ 504,063
Costs and expenses:        
Cost of goods sold 282,473 215,063 494,633 439,413
Selling, general and administrative expenses 20,752 17,585 41,479 35,815
CatchMark merger-related expenses 0 244 0 2,453
Gain on fire damage 0 (23,110) 0 (23,110)
Total costs and expenses 303,225 209,782 536,112 454,571
Operating income 17,446 36,319 12,686 49,492
Interest expense, net (8,696) [1] (7,613) [1] (8,414) [2] (7,812) [2]
Non-operating pension and other postretirement employee benefits 201 (229) 402 (457)
Other (23) 258 (168) 268
Income before income taxes 8,928 28,735 4,506 41,491
Income taxes 4,750 (6,429) 8,867 (2,925)
Net income $ 13,678 $ 22,306 $ 13,373 $ 38,566
Net income per share:        
Basic $ 0.17 $ 0.28 $ 0.17 $ 0.48
Diluted 0.17 0.28 0.17 0.48
Dividends per share $ 0.45 $ 0.45 $ 0.9 $ 0.9
Weighted-average shares outstanding        
Basic 79,627 80,145 79,656 80,087
Diluted 79,741 80,416 79,756 80,297
[1]

Bond discounts and deferred loan fees are reported within interest expense, net on the Condensed Consolidated Statements of Operations.

[2]

Intersegment revenues represent logs sold by our Timberlands segment to our Wood Products segment.