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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF INCOME      
Net sales (Note 2) $ 3,234,180 $ 2,655,400 $ 3,003,272
Cost of goods sold 2,165,575 1,784,059 1,995,685
Gross profit 1,068,605 871,341 1,007,587
Selling, general & administrative expenses 597,109 543,802 621,489
Rationalization and asset impairment charges (Note 7) 9,827 45,468 15,188
Operating income 461,669 282,071 370,910
Interest expense, net 22,214 21,973 23,415
Other income (expense) (Note 13) (114,457) 3,942 20,998
Income before income taxes 324,998 264,040 368,493
Income taxes (Note 14) 48,418 57,896 75,410
Net income including non-controlling interests 276,580 206,144 293,083
Non-controlling interests in subsidiaries' income (loss) 114 29 (26)
Net income $ 276,466 $ 206,115 $ 293,109
Basic earnings per share (Note 3) $ 4.66 $ 3.46 $ 4.73
Diluted earnings per share (Note 3) 4.60 3.42 4.68
Cash dividends declared per share $ 2.09 $ 1.98 $ 1.90