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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net Sales    
Net sales $ 597,059 $ 601,231
Cost of sales    
Cost of sales 387,302 400,652
Gross profit 209,757 200,579
Research and development expenses 21,863 18,307
Selling expenses 29,596 31,588
General and administrative expenses 73,232 76,658
Restructuring expenses 0 1,580
Operating income 85,066 72,446
Interest expense (9,959) (7,489)
Other income, net 4,843 5,532
Earnings from continuing operations before income taxes 79,950 70,489
Provision for income taxes (20,481) (18,728)
Net earnings $ 59,469 $ 51,761
Basic earnings per share    
Basic earnings per share (usd per share) $ 1.45 $ 1.22
Diluted earnings per share    
Diluted earnings per share (usd per share) 1.45 1.21
Dividends per share $ 0.17 $ 0.17
Weighted average shares outstanding:    
Basic (shares) 40,933 42,456
Diluted (shares) 41,103 42,770
Product    
Net Sales    
Net sales $ 508,975 $ 497,929
Cost of sales    
Cost of sales 329,454 330,813
Service    
Net Sales    
Net sales 88,084 103,302
Cost of sales    
Cost of sales $ 57,848 $ 69,839