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Condensed Consolidated Statements of Income - 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 $ 1,970,445 $ 1,651,070 $ 4,956,112 $ 4,237,841
Cost of goods sold 1,662,680 1,402,836 4,140,968 3,533,257
Gross profit 307,765 248,234 815,144 704,584
Selling, general and administrative expenses 96,680 90,299 320,521 282,072
Rationalization charges 2,726 2,315 7,533 13,026
Other pension and postretirement income (11,051) (12,297) (33,729) (37,934)
Income before interest and income taxes 219,410 167,917 520,819 [1] 447,420
Interest and other debt expense before loss on early extinguishment of debt 33,743 27,039 91,752 79,868
Loss on early extinguishment of debt 0 0 1,481 883
Interest and other debt expense 33,743 27,039 93,233 80,751
Income before income taxes 185,667 140,878 427,586 366,669
Provision for income taxes 46,964 34,586 111,333 92,620
Net income $ 138,703 $ 106,292 $ 316,253 $ 274,049
Earnings per share        
Basic net income per share (usd per share) $ 1.26 $ 0.96 $ 2.86 $ 2.48
Diluted net income per share (usd per share) $ 1.25 $ 0.96 $ 2.85 $ 2.47
Weighted average number of shares        
Basic (in shares) 110,281 110,465 110,572 110,372
Effect of dilutive securities (in shares) 460 732 548 739
Diluted (in shares) 110,741 111,197 111,120 111,111
[1] Corporate includes a charge of $25.2 million for the settlement with the European Commission for the nine months ended September 30, 2022.