XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 247,231 $ 238,263 $ 747,467 $ 702,434
Cost of sales 169,167 146,609 497,491 431,448
Gross margin 78,064 91,654 249,976 270,986
Selling, general and administrative expenses 50,653 47,886 164,496 135,258
Research and development expenses 9,140 7,531 25,450 22,195
Restructuring and impairment charges 373 1,007 1,119 3,260
Other operating (income) expense, net (578) 1,431 (2,852) 3,536
Operating income 18,476 33,799 61,763 106,737
Equity income in unconsolidated joint ventures 1,162 1,773 4,237 5,884
Pension settlement charges 0 (534) 0 (534)
Other income (expense), net 977 (469) 1,563 3,738
Interest expense, net (2,942) (441) (5,559) (1,452)
Income before income tax expense 17,673 34,128 62,004 114,373
Income tax expense 2,835 8,999 12,683 29,371
Net income $ 14,838 $ 25,129 $ 49,321 $ 85,002
Basic earnings per share (in dollars per share) $ 0.79 $ 1.34 $ 2.62 $ 4.54
Diluted earnings per share (in dollars per share) $ 0.78 $ 1.33 $ 2.60 $ 4.51
Shares used in computing:        
Basic earnings per share (in shares) 18,818 18,740 18,804 18,727
Diluted earnings per share (in shares) 18,999 18,874 18,997 18,831