XML 28 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 7,795,025 $ 7,710,226 $ 8,121,661
Cost of sales 5,977,348 5,722,710 6,147,252
Gross profit 1,817,677 1,987,516 1,974,409
Operating costs and expenses:      
Selling and distribution 1,346,948 1,348,349 1,379,317
General and administrative 311,176 346,028 350,324
Amortization of intangibles 20,710 20,752 21,653
Facility closing and reorganization costs, net 24,913 8,719 19,844
Impairment of intangible and long-lived assets 30,668 0 109,910
Total operating costs and expenses 1,734,415 1,723,848 1,881,048
Operating income 83,262 263,668 93,361
Other (income) expense:      
Interest expense 64,961 66,795 66,813
Loss on early retirement of long-term debt 0 0 43,609
Other income, net (2,942) (5,778) (3,751)
Total other expense 62,019 61,017 106,671
Income (loss) from continuing operations before income taxes 21,243 202,651 (13,310)
Income tax expense (benefit) (26,179) 82,034 (5,229)
Income (loss) from continuing operations 47,422 120,617 (8,081)
Income (loss) from discontinued operations, net of tax 11,291 (312) (1,095)
Gain (loss) on sale of discontinued operations, net of tax 2,875 (376) 668
Net income (loss) $ 61,588 $ 119,929 $ (8,508)
Average common shares:      
Basic (shares) 90,899,284 90,933,886 93,298,467
Diluted (shares) 91,273,994 91,510,483 93,298,467
Basic income (loss) per common share:      
Income (loss) from continuing operations (USD per share) $ 0.52 $ 1.33 $ (0.09)
Income (loss) from discontinued operations (USD per share) 0.16 (0.01) 0.00
Net income (loss) (USD per share) 0.68 1.32 (0.09)
Diluted income (loss) per common share:      
Income (loss) from continuing operations (USD per share) 0.52 1.32 (0.09)
Income (loss) from discontinued operations (USD per share) 0.15 (0.01) 0.00
Net income (loss) (USD per share) $ 0.67 $ 1.31 $ (0.09)