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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales        
Product sales $ 413,905 $ 427,732 $ 1,244,148 $ 1,313,290
Service sales 93,187 97,803 299,218 303,638
Total net sales 507,092 525,535 1,543,366 1,616,928
Cost of sales        
Cost of product sales 261,488 284,007 806,092 864,701
Cost of service sales 61,128 56,034 195,515 193,286
Total cost of sales 322,616 340,041 1,001,607 1,057,987
Gross profit 184,476 185,494 541,759 558,941
Research and development expenses 14,071 15,050 44,467 45,633
Selling expenses 26,273 30,247 85,025 90,440
General and administrative expenses 67,559 76,384 210,342 220,778
Operating income 76,573 63,813 201,925 202,090
Interest expense (10,488) (8,972) (30,694) (26,953)
Other income, net 483 161 818 605
Earnings from continuing operations before income taxes 66,568 55,002 172,049 175,742
Provision for income taxes (20,636) (16,860) (53,335) (54,256)
Earnings from continuing operations 45,932 38,142 118,714 121,486
Loss from discontinued operations, net of taxes 0 (4,258) 0 (45,874)
Net earnings $ 45,932 $ 33,884 $ 118,714 $ 75,612
Basic earnings per share        
Earnings from continuing operations (usd per share) $ 1.04 $ 0.82 $ 2.67 $ 2.58
Earnings from discontinued operations (usd per share) 0.00 (0.09) 0.00 (0.97)
Total, Basic earnings per share (usd per share) 1.04 0.73 2.67 1.61
Diluted earnings per share        
Earnings from continuing operations (usd per share) 1.02 0.80 2.63 2.53
Earnings from discontinued operations (usd per share) 0.00 (0.09) 0.00 (0.96)
Total, Diluted earnings per share (usd per share) 1.02 0.71 2.63 1.57
Dividends per share $ 0.13 $ 0.13 $ 0.39 $ 0.39
Weighted average shares outstanding:        
Basic (shares) 44,323 46,366 44,457 47,082
Diluted (shares) 44,997 47,395 45,128 48,106