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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net revenues [1] $ 249,699 $ 226,811 $ 495,044 $ 452,680
Cost of revenues 165,058 145,053 319,149 288,213
Gross profit 84,641 81,758 175,895 164,467
Selling, general and administrative expenses 27,646 28,659 54,632 58,913
Income from operations 56,995 53,099 121,263 105,554
Interest expense (2,193) (3,216) (4,626) (6,592)
Other income 1,470 462 2,031 958
Non-Service components of post retirement benefit cost (288) (338) (590) (662)
Other expense, net (See note 23) (1,011) (3,092) (3,185) (6,296)
Income before provision for income taxes 55,984 50,007 118,078 99,258
Income tax expense 14,836 13,355 31,291 24,226
Net income 41,148 36,652 86,787 75,032
Other comprehensive (loss) income        
Foreign currency translation adjustments (12,614) 937 (15,071) 7,112
Gains/(losses) on derivatives:        
Gain/(loss) arising during period on cash flow hedges 975 (672) 3,885 291
Unrealized gains on available-for-sale debt securities:        
Unrealized holding gains arising during period 426 198 699 241
Reclassification adjustment for gains included in net income (207) (89) (156) (81)
Unrealized gains on securities, Total 219 109 543 160
Defined benefit pension plans:        
Prior service cost arising during period     (457)  
Net profit arising during period     18 6
Amortization of prior service cost included in net periodic pension cost (1) 24 7 32
Defined Benefit Pension plans, Total (1) 24 (432) 38
Other comprehensive (loss)/Income, before tax (11,421) 398 (11,075) 7,601
Income tax (expenses) benefit related to other comprehensive income (329) 224 (1,028) (179)
Net current-period other comprehensive income (loss) (11,750) 622 (12,103) 7,422
Comprehensive income $ 29,398 $ 37,274 $ 74,684 $ 82,454
Earnings per share:        
Basic $ 0.49 $ 0.44 $ 1.04 $ 0.90
Diluted $ 0.49 $ 0.44 $ 1.04 $ 0.89
Weighted average common shares outstanding:        
Basic 83,130 83,818 83,130 83,807
Diluted 83,475 83,853 83,426 83,844
[1] Net revenues are attributed to regions based upon customer location.