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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total net sales $ 137,466 $ 145,345 $ 402,582 $ 408,867
Total cost of sales 104,708 117,928 313,135 325,532
Gross profit 32,758 27,417 89,447 83,335
Selling and administrative expenses 24,289 24,421 71,977 70,360
(Gain) on sale of former joint venture facility 0 0 (3,477) 0
Amortization expense 1,146 1,379 3,486 4,119
Operating income 7,323 1,617 17,461 8,856
Interest expense - net 1,358 1,442 3,976 4,404
Other (income) expense - net (188) (151) (525) 2,782
Income before income taxes 6,153 326 14,010 1,670
Income tax benefit (29,745) (121) (29,110) (99)
Net income 35,898 447 43,120 1,769
Net loss attributable to noncontrolling interest (7) (68) (68) (125)
Net income attributable to L.B. Foster Company $ 35,905 $ 515 $ 43,188 $ 1,894
Per share data attributable to L.B. Foster shareholders:        
Basic earnings per common share (in USD per share) $ 3.35 $ 0.05 $ 4.01 $ 0.18
Diluted earnings per common share (in USD per share) $ 3.27 $ 0.05 $ 3.91 $ 0.17
Basic weighted average shares outstanding (in shares) 10,718 10,813 10,757 10,804
Diluted weighted average shares outstanding (in shares) 10,992 10,973 11,059 10,895
Sales of goods        
Total net sales $ 119,322 $ 131,065 $ 346,202 $ 361,770
Total cost of sales 89,286 103,868 264,543 282,627
Sales of services        
Total net sales 18,144 14,280 56,380 47,097
Total cost of sales $ 15,422 $ 14,060 $ 48,592 $ 42,905