Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales [1] $ 3,913,404 $ 4,338,152 $ 6,779,456
Operating costs and expenses:      
Cost of sales 3,376,803 3,515,406 6,002,270
Direct operating expenses 262,706 255,534 281,686
Selling, general and administrative expenses 194,078 200,195 170,139
Depreciation and amortization 145,577 126,494 124,063
Total operating costs and expenses 3,979,164 4,097,629 6,578,158
Gain (loss) on disposition of assets (1,650) 1,914 274
Loss on impairment of goodwill 0 (39,028) 0
Operating income (loss) (67,410) 203,409 201,572
Interest expense (69,717) (79,826) (111,143)
Equity earnings of investees 9,813 6,669 1,678
Other income, net 692 417 674
Income (loss) before income tax expense (benefit) (126,622) 130,669 92,781
Income tax expense (benefit) (46,789) 48,282 22,913
Net income (loss) (79,833) 82,387 69,868
Net income attributable to non-controlling interest 2,972 29,636 31,411
Net income (loss) available to stockholders $ (82,805) $ 52,751 $ 38,457
Earnings (loss) per share, basic $ (1.17) $ 0.76 $ 0.56
Weighted average shares outstanding, basic 70,739 69,772 68,985
Earnings (loss) per share, diluted $ (1.17) $ 0.75 $ 0.55
Weighted average shares outstanding, diluted (in thousands) 70,739 70,714 69,373
Cash dividends per share $ 0.60 $ 0.55 $ 0.53
[1] Includes excise taxes on sales by the retail segment of $81,602, $77,860 and $75,409 for the years ended December 31, 2016, 2015 and 2014, respectively.