XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues $ 690,673 $ 731,366 $ 1,339,835 $ 1,410,818
Gross profit 397,970 419,538 772,379 807,857
Research and development 31,193 36,582 65,580 72,635
Selling, general and administrative 190,134 205,215 388,878 409,640
Amortization 13,889 12,326 27,887 24,548
Interest expense 9,582 8,882 19,801 17,976
Restructuring Charges 860 2,891 2,765 4,414
Other charges (income), net (2,943) (1,574) (6,286) (2,248)
Earnings before taxes 155,255 155,216 273,754 280,892
Provision for taxes 28,693 28,056 49,077 41,927
Net earnings $ 126,562 $ 127,160 $ 224,677 $ 238,965
Basic earnings per common share:        
Net earnings $ 5.29 $ 5.15 $ 9.37 $ 9.65
Weighted average number of common shares 23,940,278 24,698,032 23,984,055 24,774,262
Diluted earnings per common share:        
Net earnings $ 5.22 $ 5.06 $ 9.25 $ 9.48
Weighted average number of common and common equivalent shares 24,228,989 25,118,352 24,291,321 25,217,359
Comprehensive Income, Net of Tax (Note 9) $ 128,658 $ 115,481 $ 202,745 $ 239,946
Product [Member]        
Revenues 537,113 565,927 1,026,447 1,090,274
Cost of Goods and Services Sold 217,008 226,816 408,631 437,032
Service [Member]        
Revenues 153,560 165,439 313,388 320,544
Cost of Goods and Services Sold $ 75,695 $ 85,012 $ 158,825 $ 165,929