XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 573,366 $ 549,696 $ 1,126,918 $ 1,052,268
Cost of sales 316,441 305,638 619,052 584,875
Gross profit 256,925 244,058 507,866 467,393
Selling, general and administrative expenses 131,792 130,235 262,265 250,225
Restructuring expenses 0 0 4,797 0
Operating income 125,133 113,823 240,804 217,168
Other (income) expense - net 372 (1,027) 64 (983)
Interest expense 11,304 11,205 22,856 21,694
Income before income taxes 113,457 103,645 217,884 196,457
Provision for income taxes 29,613 27,886 58,141 52,568
Net income $ 83,844 $ 75,759 $ 159,743 $ 143,889
Basic earnings per common share (in dollars per share) $ 1.10 $ 1.00 $ 2.09 $ 1.89
Diluted earnings per common share (in dollars per share) $ 1.08 $ 0.99 $ 2.07 $ 1.87
Share data:        
Basic weighted average common shares outstanding (in shares) 76,220 75,690 76,167 75,719
Diluted weighted average common shares outstanding (in shares) 77,320 76,674 77,107 76,687