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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,021,814 $ 874,642 $ 1,827,220 $ 1,667,379
Cost of goods sold 856,625 746,935 1,537,466 1,425,795
Gross profit 165,189 127,707 289,754 241,584
Selling, general and administrative expenses 86,918 55,018 153,837 110,380
Rationalization charges 3,038 5,038 3,923 6,108
Income from operations 75,233 [1] 67,651 131,994 [1] 125,096
Interest and other debt expense before loss on early extinguishment of debt 29,207 16,883 49,625 33,339
Loss on early extinguishment of debt 4,375 0 7,052 0
Interest and other debt expense 33,582 16,883 56,677 33,339
Income before taxes 41,651 50,768 75,317 91,757
Provision for income taxes 13,725 17,453 24,160 31,871
Net income $ 27,926 $ 33,315 $ 51,157 $ 59,886
Earnings per share        
Basic net income per share (usd per share) [2] $ 0.25 $ 0.28 $ 0.46 $ 0.50
Diluted net income per share (usd per share) [2] 0.25 0.27 0.46 0.49
Dividends per share (usd per share) [2] $ 0.09 $ 0.09 $ 0.18 $ 0.17
Weighted average number of shares        
Basic (in shares) [2] 110,358 121,009 110,291 120,953
Effect of dilutive securities (in shares) [2] 968 710 976 729
Diluted (in shares) [2] 111,326 121,719 111,267 121,682
[1] Income from operations for Metal Containers includes a $3.0 million charge for each of the three and six months ended June 30, 2017 related to the resolution of a past non-commercial legal dispute. Income from operations for Corporate includes costs attributed to announced acquisitions of $9.8 million and $23.0 million for the three and six months ended June 30, 2017, respectively.
[2] Per share and share amounts for 2016 have been retroactively adjusted for the two-for-one stock split discussed in Note 1.