XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 642,099 $ 634,360 $ 1,264,330 $ 1,246,684
Cost of sales 349,762 346,993 688,159 682,665
Gross profit 292,337 287,367 576,171 564,019
Selling, general and administrative expenses 134,928 137,548 270,980 275,875
Restructuring expenses 2,126 1,988 2,126 3,630
Operating income 155,283 147,831 303,065 284,514
Other (income) expense - net (378) (50) (518) (4,499)
Interest expense 11,011 11,140 21,932 22,140
Income before income taxes 144,650 136,741 281,651 266,873
Provision for income taxes 31,441 29,615 58,174 60,789
Net income $ 113,209 $ 107,126 $ 223,477 $ 206,084
Basic earnings per common share (in dollars per share) $ 1.50 $ 1.40 $ 2.96 $ 2.69
Diluted earnings per common share (in dollars per share) $ 1.48 $ 1.38 $ 2.92 $ 2.65
Share data:        
Basic weighted average common shares outstanding (in shares) 75,460 76,539 75,450 76,479
Diluted weighted average common shares outstanding (in shares) 76,387 77,704 76,334 77,722