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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 530,579 $ 534,430
Cost of sales 286,023 281,554
Gross profit 244,556 252,876
Operating expenses:    
Research and development and other engineering 21,918 20,747
Selling 54,499 48,667
General and administrative 70,193 63,707
Total operating expenses 146,610 133,121
Integration costs 2,046 1,442
Net gain on disposal of assets (198) (50)
Income from operations 96,098 118,363
Interest income (expense), net and other finance costs 351 (570)
Other & foreign exchange gain (loss), net 1,969 (398)
Income before taxes 98,418 117,395
Provision for income taxes 22,988 29,441
Net income 75,430 87,954
Other comprehensive income    
Translation adjustment (19,642) 4,560
Unamortized pension adjustments (73) 218
Cash flow hedge adjustment, net of tax 5,118 (4,705)
Comprehensive net income $ 60,833 $ 88,027
Net income per common share:    
Basic $ 1.78 $ 2.06
Diluted $ 1.77 $ 2.05
Weighted average number of shares outstanding    
Basic 42,386 42,610
Diluted 42,630 42,827
Cash dividends declared per common share $ 0.27 $ 0.26