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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues $ 974,579 $ 678,595 $ 599,099
Costs and expenses:      
Cost of goods sold 707,645 469,393 460,600
Selling, general and administrative expenses 59,861 49,996 44,262
Deltic merger-related costs [1] 22,119 3,409  
Environmental charges for Avery Landing   4,978 1,022
Gain on lumber price swap   (1,088)  
Loss on sale of central Idaho timber and timberlands [2]     48,522
Total costs and expenses 789,625 526,688 554,406
Operating income 184,954 151,907 44,693
Interest expense, net (35,227) (27,049) (28,941)
Non-operating pension and other postretirement employee benefit costs (7,648) (6,384) (9,139)
Income before income taxes 142,079 118,474 6,613
Income tax (provision) benefit (19,199) (32,021) 4,325
Net income $ 122,880 $ 86,453 $ 10,938
Net income per share:      
Basic (in dollars per share) $ 2.03 $ 2.12 $ 0.27
Diluted (in dollars per share) 1.99 2.10 0.27
Dividends/Special distribution per share $ 1.60 $ 1.525 $ 1.50
Weighted-average shares outstanding (in thousands)      
Basic (in shares) 60,533,615 40,824,420 40,797,806
Diluted (in shares) 61,813,719 41,227,388 41,033,440
Deltic [Member]      
Revenues $ 265,252    
Costs and expenses:      
Income before income taxes $ 21,638    
Net income per share:      
Dividends/Special distribution per share $ 3.54    
[1] See Note 18: Merger, Integration and other costs.
[2] In the second quarter of 2016, we sold approximately 172,000 acres of timberlands located in central Idaho for $114 million at a loss of $48.5 million before taxes.