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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Sales        
Sales $ 724,326 $ 630,542 $ 2,059,582 $ 1,799,360
Cost of sales        
Total cost of sales 442,858 398,333 1,297,133 1,137,235
Gross profit 281,468 232,209 762,449 662,125
Research and development expenses 23,464 17,387 65,698 61,804
Selling expenses 34,084 31,888 100,782 90,387
General and administrative expenses 91,401 75,351 272,060 239,085
Loss on divestiture 0 0 0 4,651
Operating income 132,519 107,583 323,909 266,198
Interest expense (12,496) (13,997) (40,432) (33,315)
Other income, net 7,023 3,746 22,744 11,298
Earnings before income taxes 127,046 97,332 306,221 244,181
Provision for income taxes (30,268) (23,564) (71,598) (58,856)
Net earnings $ 96,778 $ 73,768 $ 234,623 $ 185,325
Basic earnings per share        
Basic earnings per share (usd per share) $ 2.53 $ 1.92 $ 6.13 $ 4.82
Diluted earnings per share        
Diluted earnings per share (usd per share) 2.51 1.91 6.09 4.79
Dividends per share $ 0.20 $ 0.19 $ 0.59 $ 0.56
Weighted average shares outstanding:        
Basic (shares) 38,285 38,368 38,301 38,416
Diluted (shares) 38,558 38,647 38,538 38,655
Product [Member]        
Net Sales        
Sales $ 613,915 $ 530,782 $ 1,721,832 $ 1,489,619
Cost of sales        
Cost of Goods and Services Sold 380,163 338,264 1,093,469 949,180
Service [Member]        
Net Sales        
Sales 110,411 99,760 337,750 309,741
Cost of sales        
Cost of Goods and Services Sold $ 62,695 $ 60,069 $ 203,664 $ 188,055