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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net Sales        
Net sales $ 614,880 $ 595,393 $ 1,832,190 $ 1,763,213
Total net sales 614,880 595,393 1,832,190 1,763,213
Cost of sales        
Total cost of sales 388,804 372,875 1,179,197 1,133,004
Gross profit 226,076 222,518 652,993 630,209
Research and development expenses 18,362 14,239 54,503 45,234
Selling expenses 28,133 30,361 90,303 94,546
General and administrative expenses 74,012 80,871 224,888 226,808
Operating income 105,569 97,047 283,299 263,621
Interest expense (7,951) (7,949) (23,183) (25,719)
Other income, net 6,355 3,843 17,704 12,497
Earnings from continuing operations before income taxes 103,973 92,941 277,820 250,399
Provision for income taxes (21,463) (18,458) (59,645) (57,485)
Net earnings $ 82,510 $ 74,483 $ 218,175 $ 192,914
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.93 $ 1.70 $ 5.10 $ 4.38
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.92 1.68 5.07 4.33
Dividends per share $ 0.17 $ 0.15 $ 0.49 $ 0.45
Weighted average shares outstanding:        
Basic (shares) 42,709 43,892 42,755 44,060
Diluted (shares) 42,995 44,334 43,025 44,513
Product [Member]        
Product sales $ 516,760 $ 495,197 $ 1,520,612 $ 1,451,560
Cost of sales        
Cost of Goods and Services Sold 331,793 312,702 986,475 936,197
Service [Member]        
Net Sales        
Net sales 98,120 100,196 311,578 311,653
Cost of sales        
Cost of Goods and Services Sold $ 57,011 $ 60,173 $ 192,722 $ 196,807