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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Sales $ 1,651,415 $ 1,478,726 $ 4,451,420 $ 3,997,428
Cost of Goods and Services Sold 1,250,145 1,114,764 3,341,493 3,040,589
Gross profit 401,270 363,962 1,109,927 956,839
Operating expenses:        
Selling and marketing 128,929 122,642 369,495 355,486
Research and development 64,181 63,129 197,741 175,887
General and administrative 90,639 79,421 262,206 245,998
Total operating expenses 283,749 265,192 829,442 777,371
Operating income 138,869 116,908 344,602 237,179
Non-operating expense:        
Interest expense 19,823 8,492 37,087 24,438
Equity in loss of other affiliates 111 1,603 25,576 4,839
Other expense (income), net (4,124) (2,368) (27,660) 7,088
Income before income taxes 123,059 109,181 309,599 200,814
Provision for income taxes 27,530 27,293 65,816 59,796
Net income $ 95,529 $ 81,888 $ 243,783 $ 141,018
Basic net income per share (in dollars per share) $ 1.54 $ 1.31 $ 3.88 $ 2.24
Diluted net income per share (in dollars per share) $ 1.50 $ 1.28 $ 3.78 $ 2.21
Weighted average shares outstanding:        
Basic (in shares) 62,207 62,646 62,894 62,890
Diluted (in shares) 63,546 63,885 64,550 63,942
Income from financial services        
Sales $ 21,348 $ 18,138 $ 64,117 $ 57,711