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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total net sales $ 140,796 $ 148,034 $ 265,116 $ 263,522
Total cost of sales 110,283 115,423 208,427 207,604
Gross profit 30,513 32,611 56,689 55,918
Selling and administrative expenses 24,818 24,522 47,688 45,939
(Gain) on sale of former joint venture facility 0 0 (3,477) 0
Amortization expense 1,123 1,375 2,340 2,740
Operating income 4,572 6,714 10,138 7,239
Interest expense - net 1,493 1,574 2,618 2,962
Other (income) expense - net (84) 1,084 (337) 2,933
Income before income taxes 3,163 4,056 7,857 1,344
Income tax expense 346 563 635 22
Net income 2,817 3,493 7,222 1,322
Net loss attributable to noncontrolling interest (30) (38) (61) (57)
Net income attributable to L.B. Foster Company $ 2,847 $ 3,531 $ 7,283 $ 1,379
Per share data attributable to L.B. Foster shareholders:        
Basic earnings per common share (in USD per share) $ 0.26 $ 0.32 $ 0.68 $ 0.12
Diluted earnings per common share (in USD per share) $ 0.26 $ 0.32 $ 0.66 $ 0.12
Basic weighted average shares outstanding (in shares) 10,793 10,807 10,777 10,800
Diluted weighted average shares outstanding (in shares) 11,060 10,878 11,062 10,866
Sales of goods        
Total net sales $ 122,417 $ 132,167 $ 226,880 $ 230,705
Total cost of sales 93,715 100,710 175,257 178,759
Sales of services        
Total net sales 18,379 15,867 38,236 32,817
Total cost of sales $ 16,568 $ 14,713 $ 33,170 $ 28,845