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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 742,661 $ 710,608 $ 1,487,121 $ 1,413,958
Operating Expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 469,441 464,244 938,573 920,066
Selling, research & development and administrative 113,752 107,111 234,967 219,572
Depreciation and amortization 47,867 40,101 95,356 81,276
Restructuring initiatives 1,737 18,214 11,267 24,150
Total Operating Expenses 632,797 629,670 1,280,163 1,245,064
Operating Income 109,864 80,938 206,958 168,894
Other (Expense) Income:        
Interest expense (8,756) (7,964) (17,970) (16,019)
Interest income 1,033 2,521 2,781 4,769
Equity in results of affiliates 9 (20) (86) (85)
Miscellaneous, net (49) (577) 417 (1,444)
Total Other Income (Expense) (7,763) (6,040) (14,858) (12,779)
Income before Income Taxes 102,101 74,898 192,100 156,115
Provision for Income Taxes 28,180 19,117 55,180 41,046
Net Income 73,921 55,781 136,920 115,069
Net (Income) Loss Attributable to Noncontrolling Interests (6) (6) (1) 6
Net Income Attributable to AptarGroup, Inc. $ 73,915 $ 55,775 $ 136,919 $ 115,075
Net Income Attributable to AptarGroup, Inc. Per Common Share:        
Basic (in dollars per share) $ 1.16 $ 0.89 $ 2.17 $ 1.85
Diluted (in dollars per share) $ 1.12 $ 0.86 $ 2.08 $ 1.78
Average number of shares outstanding:        
Basic (in shares) 63,471 62,402 63,219 62,266
Diluted (in shares) 66,232 64,850 65,842 64,640
Dividends per Common Share (in dollars per share) $ 0.36 $ 0.32 $ 0.70 $ 0.64