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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 1,715,081 $ 1,330,696 $ 1,055,116
Costs and expenses      
Cost of materials sold (excludes items shown separately below) 1,372,954 1,055,212 820,040
Warehouse and processing 97,565 87,425 79,521
Administrative and general 81,107 69,659 63,054
Distribution 50,347 41,789 36,490
Selling 29,020 26,285 23,060
Occupancy 9,428 8,862 8,718
Depreciation 16,645 16,589 17,596
Amortization 963 889 889
Total costs and expenses 1,658,029 1,306,710 1,049,368
Operating income 57,052 [1] 23,986 [2] 5,748
Other loss, net (307) (118) (55)
Income before interest and income taxes 56,745 23,868 5,693
Interest and other expense on debt 10,681 7,518 5,273
Income before income taxes 46,064 16,350 420
Income tax provision (benefit) 12,305 (2,613) 1,498
Net income (loss) 33,759 [3] 18,963 [3] (1,078)
Gain on cash flow hedges 114
Tax effect of hedges (44)
Total comprehensive income (loss) $ 33,759 $ 18,963 $ (1,008)
Net income (loss) per share - basic (in dollars per share) $ 2.95 $ 1.67 $ (0.10)
Weighted average shares outstanding - basic (in shares) 11,432 11,381 11,210
Net income (loss) per share - diluted (in dollars per share) $ 2.95 $ 1.67 $ (0.10)
Weighted average shares outstanding - diluted (in shares) 11,440 11,381 11,210
Dividends declared per share of common stock (in dollars per share) $ 0.08 $ 0.08 $ 0.08
[1] Operating income (loss) in 2018 includes $8,408 of LIFO expense related to the Company's tubular and pipe products segment.
[2] Operating income (loss) in 2017 includes $2,707 of LIFO expense related to the Company's tubular and pipe products segment.
[3] Includes a $6.2 million tax benefit related to the U.S. Tax Cuts and Jobs Act.