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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net Sales        
Sales $ 620,619 $ 571,614 $ 1,839,173 $ 1,722,892
Cost of sales        
Total cost of sales 383,611 358,793 1,167,689 1,123,466
Gross profit 237,008 212,821 671,484 599,426
Research and development expenses 21,618 17,587 66,675 54,163
Selling expenses 30,067 24,869 89,227 81,650
General and administrative expenses 78,998 77,251 229,608 230,515
Impairment of assets held for sale 8,656 0 8,656 0
Restructuring Charges 0 8,541 0 20,730
Operating income 97,669 84,573 277,318 212,368
Interest expense (9,955) (9,055) (30,094) (25,059)
Other income, net 3,627 5,417 8,910 6,844
Earnings before income taxes 91,341 80,935 256,134 194,153
Provision for income taxes (21,638) (16,315) (65,554) (46,754)
Net earnings $ 69,703 $ 64,620 $ 190,580 $ 147,399
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.71 $ 1.56 $ 4.66 $ 3.52
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.70 1.55 4.64 3.49
Dividends per share $ 0.18 $ 0.17 $ 0.53 $ 0.51
Weighted average shares outstanding:        
Basic (shares) 40,769 41,545 40,865 41,926
Diluted (shares) 40,950 41,797 41,040 42,190
Product [Member]        
Net Sales        
Sales $ 528,339 $ 493,398 $ 1,552,706 $ 1,457,772
Cost of sales        
Cost of Goods and Services Sold 328,424 305,921 989,759 945,886
Service [Member]        
Net Sales        
Sales 92,280 78,216 286,467 265,120
Cost of sales        
Cost of Goods and Services Sold $ 55,187 $ 52,872 $ 177,930 $ 177,580