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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net Sales        
Sales $ 609,357 $ 621,495 $ 1,168,818 $ 1,218,554
Cost of sales        
Total cost of sales 380,843 396,776 738,902 784,078
Gross profit 228,514 224,719 429,916 434,476
Research and development expenses 23,868 23,194 44,417 45,057
Selling expenses 30,407 29,564 58,499 59,160
General and administrative expenses 76,134 77,378 163,734 150,610
Loss on divestiture 0 0 4,651 0
Operating income 98,105 94,583 158,615 179,649
Interest expense (9,788) (10,180) (19,318) (20,139)
Other income, net 4,555 440 7,552 5,283
Earnings before income taxes 92,872 84,843 146,849 164,793
Provision for income taxes (22,000) (23,435) (35,292) (43,916)
Net earnings $ 70,872 $ 61,408 $ 111,557 $ 120,877
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.84 $ 1.50 $ 2.90 $ 2.95
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.83 1.49 2.89 2.94
Dividends per share $ 0.19 $ 0.18 $ 0.37 $ 0.35
Weighted average shares outstanding:        
Basic (shares) 38,429 40,915 38,438 40,921
Diluted (shares) 38,654 41,088 38,657 41,092
Product [Member]        
Net Sales        
Sales $ 505,416 $ 515,392 $ 958,837 $ 1,024,367
Cost of sales        
Cost of Goods and Services Sold 316,389 331,881 610,916 661,335
Service [Member]        
Net Sales        
Sales 103,941 106,103 209,981 194,187
Cost of sales        
Cost of Goods and Services Sold $ 64,454 $ 64,895 $ 127,986 $ 122,743