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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 1,665,187 $ 1,757,109 $ 1,510,644
Cost of sales 1,316,145 1,413,229 1,226,882
Gross margin 349,042 343,880 283,762
Selling, general, and administrative expense 157,911 169,338 163,777
Research and development expense 27,540 28,977 26,575
Restructuring expense (income) (Note D) 3,824 1,573 (438)
Other — net (Note E) 23,323 24,237 16,737
Operating profit 136,444 119,755 77,111
Other non-operating (income) expense — net (Note O) (2,710) (5,250) (5,115)
Interest expense - net 31,323 21,905 4,901
Income before income taxes 107,831 103,100 77,325
Income tax expense (benefit) (Note G) 12,129 17,110 4,851
Net income $ 95,702 $ 85,990 $ 72,474
Basic earnings per share:      
Net income per share of common stock (in usd per share) $ 4.64 $ 4.19 $ 3.55
Diluted earnings per share:      
Net income per share of common stock (in usd per share) $ 4.58 $ 4.14 $ 3.50
Weighted-average number of shares of common stock outstanding:      
Basic (in shares) 20,619 20,511 20,422
Diluted (in shares) 20,911 20,760 20,689