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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,543,781 $ 1,348,661 $ 2,985,667 $ 2,586,771
Cost of goods sold 1,269,855 1,113,777 2,478,288 2,130,421
Gross profit 273,926 234,884 507,379 456,350
Selling, general and administrative expenses 123,830 94,394 223,841 191,773
Rationalization charges 3,428 354 4,807 10,711
Other pension and postretirement income (11,349) (12,818) (22,678) (25,637)
Income before interest and income taxes 158,017 [1] 152,954 301,409 [1] 279,503
Interest and other debt expense before loss on early extinguishment of debt 28,660 26,406 58,009 52,829
Loss on early extinguishment of debt 0 0 1,481 883
Interest and other debt expense 28,660 26,406 59,490 53,712
Income before income taxes 129,357 126,548 241,919 225,791
Provision for income taxes 36,682 32,072 64,369 58,034
Net income $ 92,675 $ 94,476 $ 177,550 $ 167,757
Earnings per share        
Basic net income per share (usd per share) $ 0.84 $ 0.86 $ 1.60 $ 1.52
Diluted net income per share (usd per share) $ 0.83 $ 0.85 $ 1.59 $ 1.51
Weighted average number of shares        
Basic (in shares) 110,840 110,442 110,750 110,323
Effect of dilutive securities (in shares) 388 661 590 743
Diluted (in shares) 111,228 111,103 111,340 111,066
[1] Corporate includes a charge of $25.2 million for the settlement with the European Commission for each of the three and six months ended June 30, 2022.