|
 |
| (In Thousands, Except Per Share Data) |
For the Years Ended December 31, |
|
|
2000 |
1999 |
1998 |
 |
| SALES |
$ 1,014,615 |
$ 936,928 |
$ 774,312 |
| FREIGHT |
51,184 |
46,839 |
37,454 |
|
|
Net sales |
963,431 |
890,089 |
736,858 |
| COST OF SALES |
759,572 |
683,576 |
536,925 |
|
|
Gross profit |
203,859 |
206,513 |
199,933 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES |
145,268 |
125,784 |
105,052 |
| RESTRUCTURING AND OTHER NONRECURRING COSTS (Note
12) |
16,777 |
– |
– |
|
|
Operating income |
41,814 |
80,729 |
94,881 |
| OTHER (EXPENSE) INCOME: |
|
|
|
|
Interest expense |
(34,063) |
(25,456) |
(16,072) |
|
Interest income |
412 |
603 |
334 |
|
Equity in income of unconsolidated affiliates |
6,533 |
9,224 |
4,308 |
|
Other, net |
(918) |
(459) |
(433) |
|
|
|
(28,036) |
(16,088) |
(11,863) |
|
| INCOME BEFORE INCOME TAXES AND MINORITY INTEREST |
13,778 |
64,641 |
83,018 |
| MINORITY INTEREST |
(169) |
(356) |
(730) |
| PROVISION FOR INCOME TAXES |
5,467 |
23,216 |
30,470 |
|
| NET INCOME |
$ 8,142 |
$ 41,069 |
$ 51,818 |
|
| BASIC INCOME PER COMMON SHARE |
$ 0.31 |
$ 1.64 |
$ 2.05 |
|
| BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
26,292 |
25,078 |
25,244 |
|
| DILUTED INCOME PER COMMON SHARE |
$ 0.31 |
$ 1.63 |
$ 2.04 |
|
| DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
26,301 |
25,199 |
25,423 |
|
 |
|
|
|
|
| The accompanying notes
are an integral part of these consolidated statements. |
|
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26
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