XML 14 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,488,499 $ 1,321,342 $ 3,695,353 $ 3,441,635
Cost of goods sold 1,230,148 1,113,727 3,027,809 2,884,510
Gross profit 258,351 207,615 667,544 557,125
Selling, general and administrative expenses 91,525 76,065 282,011 233,816
Rationalization charges 2,505 3,195 7,247 48,594
Other pension and postretirement income (9,712) (4,340) (29,122) (13,320)
Income before interest and income taxes 174,033 132,695 407,408 288,035
Interest and other debt expense before loss on early extinguishment of debt 27,725 26,767 77,051 82,272
Loss on early extinguishment of debt 0 1,676 1,481 1,676
Interest and other debt expense 27,725 28,443 78,532 83,948
Income before income taxes 146,308 104,252 328,876 204,087
Provision for income taxes 33,457 22,978 80,253 45,117
Net income $ 112,851 $ 81,274 $ 248,623 $ 158,970
Earnings per share        
Basic net income per share (usd per share) $ 1.02 $ 0.73 $ 2.24 $ 1.43
Diluted net income per share (usd per share) $ 1.01 $ 0.73 $ 2.23 $ 1.43
Weighted average number of shares        
Basic (in shares) 110,921 111,058 110,895 110,985
Effect of dilutive securities (in shares) 691 463 565 554
Diluted (in shares) 111,612 111,521 111,460 111,539