XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 268,233 $ 163,229 $ 468,130 $ 312,910
Costs and expenses:        
Cost of goods sold 180,906 111,356 320,061 223,854
Selling, general and administrative expenses 16,892 13,079 30,548 24,447
Deltic merger-related costs [1] 1,018   20,273  
Gain on lumber price swap   (3,265)   (3,265)
Total costs and expenses 198,816 121,170 370,882 245,036
Operating income 69,417 42,059 97,248 67,874
Interest expense, net (9,356) (7,348) (15,016) (12,318)
Non-operating pension and other postretirement employee benefit costs (1,908) (1,286) (3,765) (3,192)
Income before income taxes 58,153 33,425 78,467 52,364
Income taxes (12,005) (9,181) (17,722) (11,199)
Net income $ 46,148 $ 24,244 $ 60,745 $ 41,165
Net income per share:        
Basic (in dollars per share) $ 0.73 $ 0.59 $ 1.07 $ 1.01
Diluted (in dollars per share) 0.73 0.59 1.06 1.00
Dividends per share (in dollars per share) $ 0.40 $ 0.375 $ 0.80 $ 0.75
Weighted-average shares outstanding (in thousands):        
Basic (in shares) 62,979,660 40,822,726 56,739,012 40,802,057
Diluted (in shares) 63,316,291 41,218,969 57,128,020 41,143,695
[1] For integration and restructuring costs related to the merger with Deltic see Note 14: Merger, Integration and Other Costs.