XML 14 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,176,470 $ 1,093,163 $ 2,206,854 $ 2,120,294
Cost of goods sold 952,375 909,650 1,797,661 1,770,784
Gross profit 224,095 183,513 409,193 349,510
Selling, general and administrative expenses 100,624 80,087 190,487 157,749
Rationalization charges 1,942 39,317 4,741 45,400
Other pension and postretirement income (9,705) (4,490) (19,410) (8,980)
Income before interest and income taxes 131,234 68,599 233,375 155,341
Interest and other debt expense before loss on early extinguishment of debt 25,837 28,401 49,326 55,505
Loss on early extinguishment of debt 0 0 1,481 0
Interest and other debt expense 25,837 28,401 50,807 55,505
Income before income taxes 105,397 40,198 182,568 99,836
Provision for income taxes 27,225 9,243 46,796 22,140
Net income $ 78,172 $ 30,955 $ 135,772 $ 77,696
Earnings per share        
Basic net income per share (usd per share) $ 0.70 $ 0.28 $ 1.22 $ 0.70
Diluted net income per share (usd per share) $ 0.70 $ 0.28 $ 1.22 $ 0.70
Weighted average number of shares        
Basic (in shares) 110,901 111,185 110,879 110,945
Effect of dilutive securities (in shares) 433 317 501 600
Diluted (in shares) 111,334 111,502 111,380 111,545