XML 25 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 357,005 $ 363,963 $ 735,213 $ 745,643
Costs of products sold 338,872 326,566 680,866 676,581
Gross profit 18,133 37,397 54,347 69,062
Selling, general and administrative expenses 28,639 28,400 59,384 61,566
Goodwill and other asset impairment charges 0 0 0 117,349
Gains (losses) on dispositions of plant, equipment and timberlands, net (21) 73 (665) (2,888)
Operating income (loss) (10,485) 8,924 (4,372) (106,965)
Non-operating income (expense)        
Interest expense (17,261) (7,672) (29,855) (15,534)
Interest income 559 38 830 55
Other, net (3,045) (455) (6,323) (1,795)
Total non-operating expense (19,747) (8,089) (35,348) (17,274)
Income (loss) from continuing operations before income taxes (30,232) 835 (39,720) (124,239)
Income tax provision (benefit) 6,399 3,295 10,093 (13,489)
Loss from continuing operations (36,631) (2,460) (49,813) (110,750)
Discontinued operations:        
Income (loss) before income taxes (309) 408 (711) 371
Income tax provision 0 0 0 0
Income (loss) from discontinued operations (309) 408 (711) 371
Net loss $ (36,940) $ (2,052) $ (50,524) $ (110,379)
Basic earnings per share        
Loss from continuing operations (in dollars per share) $ (0.82) $ (0.05) $ (1.11) $ (2.47)
Income (loss) from discontinued operations (in dollars per share) (0.01) 0.01 (0.02) 0.01
Basic loss per share (in dollars per share) (0.83) (0.04) (1.13) (2.46)
Diluted earnings per share        
Loss from continuing operations (in dollars per share) (0.82) (0.05) (1.11) (2.47)
Income (loss) from discontinued operations (in dollars per share) (0.01) 0.01 (0.02) 0.01
Diluted loss per share (in dollars per share) $ (0.83) $ (0.04) $ (1.13) $ (2.46)
Weighted average shares outstanding        
Basic (in shares) 45,041 44,841 44,999 44,775
Diluted (in shares) 45,041 44,841 44,999 44,775