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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 308,007 $ 263,002 $ 552,786 $ 482,869
Cost of sales 166,538 139,477 302,791 259,188
Gross profit 141,469 123,525 249,995 223,681
Operating expenses:        
Research and development and other engineering 11,249 11,967 22,398 23,785
Selling 29,201 28,646 56,774 58,283
General and administrative 40,400 37,725 78,592 73,846
Net loss (gain) on disposal of assets (125) 50 (1,309) (1)
Total operating expenses 80,725 78,388 156,455 155,913
Income from operations 60,744 45,137 93,540 67,768
Income (loss) in equity method investment, before tax 2 (12) (22) (41)
Interest expense, net (184) (199) (274) (388)
Gain on bargain purchase of a business 0 0 0 8,388
Income before taxes 60,562 44,926 93,244 75,727
Provision for income taxes 16,476 16,712 23,729 24,392
Net income $ 44,086 $ 28,214 $ 69,515 $ 51,335
Earnings per common share:        
Basic (in dollars per share) $ 0.95 $ 0.59 $ 1.50 $ 1.08
Diluted (in dollars per share) $ 0.94 $ 0.59 $ 1.48 $ 1.07
Number of shares outstanding        
Basic (in shares) 46,323 47,634 46,468 47,634
Diluted (in shares) 46,677 47,920 46,842 47,922
Cash dividends declared per common share (in dollars per share) $ 0.220 $ 0.21 $ 0.430 $ 0.39