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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Net Sales $ 344,441 $ 442,395 $ 1,123,496 $ 1,352,839
Cost of sales 266,687 316,241 865,558 991,876
Gross profit 77,754 126,154 257,938 360,963
Selling, general and administrative expenses 41,885 42,187 125,910 123,341
Legal and environmental charges 0 (5,589) 0 (5,589)
Profit from operations 35,869 89,556 132,028 243,211
Other income (loss):        
Interest income 3,577 4,621 12,631 12,159
Other, net 7,974 (3,616) 7,042 (5,107)
Income before income taxes 47,420 90,561 151,701 250,263
Provision (benefit) for income taxes (472) 16,264 15,676 47,934
Net income $ 47,892 $ 74,297 $ 136,025 $ 202,329
Income per share:        
Basic (in dollars per share) $ 0.28 $ 0.44 $ 0.80 $ 1.20
Diluted (in dollars per share) 0.28 0.44 0.80 1.20
Dividends declared (per share) (in dollars per share) $ 0.115 $ 0.115 $ 0.345 $ 0.345
Weighted average common shares outstanding:        
Basic (in shares) 169,125 168,795 169,079 168,679
Diluted (in shares) [1] 169,467 169,314 169,371 169,247
[1] Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been anti-dilutive were 0 shares for the three month periods ended December 31, 2018 and 2019, and 8 shares and 2 shares for the nine months ended December 31, 2018 and 2019, respectively.