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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net Sales        
Sales $ 621,495 $ 550,047 $ 1,218,554 $ 1,151,278
Cost of sales        
Total cost of sales 396,776 364,021 784,078 764,673
Gross profit 224,719 186,026 434,476 386,605
Research and development expenses 23,194 18,269 45,057 36,576
Selling expenses 29,564 25,193 59,160 56,781
General and administrative expenses 77,378 76,606 150,610 153,264
Restructuring Charges 0 10,609 0 12,189
Operating income 94,583 55,349 179,649 127,795
Interest expense (10,180) (8,515) (20,139) (16,004)
Other income (expense), net 440 (4,105) 5,283 1,427
Earnings before income taxes 84,843 42,729 164,793 113,218
Provision for income taxes (23,435) (11,711) (43,916) (30,439)
Net earnings $ 61,408 $ 31,018 $ 120,877 $ 82,779
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.50 $ 0.75 $ 2.95 $ 1.97
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.49 0.74 2.94 1.95
Dividends per share $ 0.18 $ 0.17 $ 0.35 $ 0.34
Weighted average shares outstanding:        
Basic (shares) 40,915 41,629 40,921 42,092
Diluted (shares) 41,088 41,855 41,092 42,362
Product [Member]        
Net Sales        
Sales $ 515,392 $ 466,445 $ 1,024,367 $ 964,374
Cost of sales        
Cost of Goods and Services Sold 331,881 309,152 661,335 639,965
Service [Member]        
Net Sales        
Sales 106,103 83,602 194,187 186,904
Cost of sales        
Cost of Goods and Services Sold $ 64,895 $ 54,869 $ 122,743 $ 124,708