XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 530,356 $ 503,791 $ 1,582,624 $ 1,520,870
Cost of sales 299,467 280,531 884,342 839,954
Gross profit 230,889 223,260 698,282 680,916
Selling, general and administrative expenses 119,965 114,794 371,825 360,784
Restructuring expenses 0 4,723 0 4,723
Loss (gain) on sale of businesses - net 2,067 (18,070) 2,067 (18,070)
Operating income 108,857 121,813 324,390 333,479
Other (income) expense - net (2,364) (693) (4,982) (1,589)
Interest expense 11,913 10,229 33,607 31,410
Income before income taxes 99,308 112,277 295,765 303,658
Provision for income taxes 29,435 32,772 82,003 88,614
Net income $ 69,873 $ 79,505 $ 213,762 $ 215,044
Basic earnings per common share (in dollars per share) $ 0.92 $ 1.03 $ 2.81 $ 2.77
Diluted earnings per common share (in dollars per share) $ 0.91 $ 1.02 $ 2.78 $ 2.75
Share data:        
Basic weighted average common shares outstanding (in shares) 75,819 76,831 75,753 77,431
Diluted weighted average common shares outstanding (in shares) 76,880 77,646 76,742 78,266