XML 17 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 2,116,087 $ 1,573,217 $ 1,267,945
Cost of sales 1,174,794 818,187 691,561
Gross profit 941,293 755,030 576,384
Operating expenses:      
Research and development and other engineering 68,354 59,381 50,807
Selling 169,378 135,004 112,517
General and administrative 228,468 193,176 161,029
Total operating expenses 466,200 387,561 324,353
Acquisition and integration related costs 17,343 0 0
Net gain on disposal of assets (1,317) (324) (332)
Income from operations 459,067 367,793 252,363
Interest expense, net and other (7,594) (1,386) (2,012)
Other & foreign exchange loss, net (3,408) (7,858) (787)
Income before taxes (448,065) (358,549) (249,564)
Provision for income taxes 114,070 92,102 62,564
Net income 333,995 266,447 187,000
Other comprehensive income      
Translation adjustment (20,733) (7,313) 14,172
Unamortized pension adjustments, net of tax 2,065 404 (161)
Cash flow hedge adjustment, net of tax 32,214 (268) 390
Comprehensive income $ 347,541 $ 259,270 $ 201,401
Net income per common share:      
Earnings per share, basic (in shares) $ 7.78 $ 6.15 $ 4.28
Earnings per share, diluted (in shares) $ 7.76 $ 6.12 $ 4.27
ETANCO [Member]      
Weighted average number of shares of common stock outstanding      
Basic (in shares) 42,925 43,325 43,709
Diluted (in shares) 43,047 43,532 43,841