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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net Sales        
Net sales $ 550,047 $ 638,996 $ 1,151,278 $ 1,217,310
Total net sales 550,047 638,996 1,151,278 1,217,310
Cost of sales        
Total cost of sales 364,021 408,952 764,673 790,393
Gross profit 186,026 230,044 386,605 426,917
Research and development expenses 18,269 18,900 36,576 36,141
Selling expenses 25,193 30,693 56,781 62,170
General and administrative expenses 76,606 74,766 153,264 150,876
Restructuring Charges 10,609 0 12,189 0
Operating income 55,349 105,685 127,795 177,730
Interest expense (8,515) (7,960) (16,004) (15,232)
Other income (expense), net (4,105) 5,871 1,427 11,349
Earnings from continuing operations before income taxes 42,729 103,596 113,218 173,847
Provision for income taxes (11,711) (23,524) (30,439) (38,182)
Net earnings $ 31,018 $ 80,072 $ 82,779 $ 135,665
Basic earnings per share        
Basic earnings per share (usd per share) $ 0.75 $ 1.87 $ 1.97 $ 3.17
Diluted earnings per share        
Diluted earnings per share (usd per share) 0.74 1.86 1.95 3.15
Dividends per share $ 0.17 $ 0.17 $ 0.34 $ 0.32
Weighted average shares outstanding:        
Basic (shares) 41,629 42,758 42,092 42,776
Diluted (shares) 41,855 43,024 42,362 43,038
Product [Member]        
Product sales $ 466,445 $ 532,253 $ 964,374 $ 1,003,852
Cost of sales        
Cost of Goods and Services Sold 309,152 342,726 639,965 654,682
Service [Member]        
Net Sales        
Net sales 83,602 106,743 186,904 213,458
Cost of sales        
Cost of Goods and Services Sold $ 54,869 $ 66,226 $ 124,708 $ 135,711