XML 26 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Net sales $ 701,278 $ 665,775 $ 2,188,399 $ 2,079,733
Operating Expenses:        
Cost of sales (exclusive of depreciation and amortization shown below) 444,237 435,379 1,382,810 1,355,445
Selling, research & development and administrative 111,559 103,574 346,526 323,146
Depreciation and amortization 49,218 41,857 144,574 123,133
Restructuring initiatives 6,019 23,852 17,286 48,002
Total Operating Expenses 611,033 604,662 1,891,196 1,849,726
Operating Income 90,245 61,113 297,203 230,007
Other (Expense) Income:        
Interest expense (8,898) (8,735) (26,868) (24,754)
Interest income 957 1,537 3,738 6,306
Equity in results of affiliates 238 (45) 152 (130)
Miscellaneous, net (269) (2,928) 148 (4,372)
Total Other Income (Expense) (7,972) (10,171) (22,830) (22,950)
Income before Income Taxes 82,273 50,942 274,373 207,057
Provision for Income Taxes 25,504 11,920 80,684 52,966
Net Income 56,769 39,022 193,689 154,091
Net (Income) Loss Attributable to Noncontrolling Interests (19) (26) (20) (20)
Net Income Attributable to AptarGroup, Inc. $ 56,750 $ 38,996 $ 193,669 $ 154,071
Net Income Attributable to AptarGroup, Inc. Per Common Share:        
Basic (in dollars per share) $ 0.89 $ 0.63 $ 3.05 $ 2.47
Diluted (in dollars per share) $ 0.85 $ 0.60 $ 2.93 $ 2.38
Average number of shares outstanding:        
Basic (in shares) 64,010 62,378 63,485 62,304
Diluted (in shares) 66,702 65,129 66,163 64,822
Dividends per Common Share (in dollars per share) $ 0.36 $ 0.34 $ 1.06 $ 0.98