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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales        
Product sales $ 459,774 $ 427,324 $ 883,003 $ 830,242
Service sales 107,879 105,442 208,241 206,031
Total net sales 567,653 532,766 1,091,244 1,036,273
Cost of sales        
Cost of product sales 299,739 279,869 586,231 544,604
Cost of service sales 69,144 67,518 135,468 134,387
Total cost of sales 368,883 347,387 721,699 678,991
Gross profit 198,770 185,379 369,545 357,282
Research and development expenses 15,501 15,236 30,799 30,396
Selling expenses 28,560 29,126 57,513 58,752
General and administrative expenses 71,438 72,928 146,735 142,782
Operating income 83,271 68,089 134,498 125,352
Interest expense (10,750) (10,273) (21,127) (20,206)
Other income, net 190 101 502 335
Earnings from continuing operations before income taxes 72,711 57,917 113,873 105,481
Provision for income taxes (22,061) (17,954) (30,676) (32,699)
Net earnings $ 50,650 $ 39,963 $ 83,197 $ 72,782
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.15 $ 0.90 $ 1.88 $ 1.63
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.13 0.88 1.86 1.61
Dividends per share $ 0.13 $ 0.13 $ 0.26 $ 0.26
Weighted average shares outstanding:        
Basic (shares) 44,213 44,487 44,221 44,526
Diluted (shares) 44,807 45,164 44,825 45,195