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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 396,738 $ 364,304 $ 1,154,661 $ 974,048
Cost of sales 198,706 191,061 597,901 521,339
Gross profit 198,032 173,243 556,760 452,709
Operating expenses:        
Research and development and other engineering 14,562 12,287 43,321 37,860
Selling 35,063 29,396 99,053 84,757
General and administrative 47,792 40,289 143,767 117,396
Total operating expenses 97,417 81,972 286,141 240,013
Net gain on disposal of assets (4) (72) (112) (209)
Income from operations 100,619 91,343 270,731 212,905
Interest expense, net and other (846) (518) (5,259) (3,202)
Income before taxes 99,773 90,825 265,472 209,703
Provision for income taxes 25,995 23,768 68,822 52,341
Net income 73,778 67,057 196,650 157,362
Other comprehensive income        
Translation adjustment (4,889) 6,238 (6,649) 3,170
Unamortized pension adjustments (182) 28 209 88
Unrealized Gain (Loss) on Derivatives (153) 0 (134) 0
Comprehensive net income $ 68,554 $ 73,323 $ 190,076 $ 160,620
Net income per common share:        
Basic $ 1.70 $ 1.54 $ 4.54 $ 3.60
Diluted $ 1.70 $ 1.54 $ 4.52 $ 3.59
Number of shares outstanding        
Basic 43,276 43,474 43,287 43,683
Diluted 43,485 43,683 43,500 43,873
Cash dividends declared per common share $ 0.25 $ 0.23 $ 0.73 $ 0.69