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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Sales $ 1,779,315 $ 1,502,532 $ 3,275,005 $ 2,800,005
Cost of Goods and Services Sold 1,342,867 1,117,356 2,486,109 2,091,348
Gross profit 436,448 385,176 788,896 708,657
Operating expenses:        
Selling and marketing 140,603 122,859 269,862 240,566
Research and development 76,379 68,330 143,499 133,560
General and administrative 104,090 92,874 197,028 171,567
Total operating expenses 321,072 284,063 610,389 545,693
Operating income 135,122 122,457 217,058 205,733
Non-operating expense:        
Interest expense 20,620 9,216 41,039 17,264
Equity in loss of other affiliates 455 3,954 1,061 25,465
Other income, net (271) (3,561) (3,772) (23,536)
Income before income taxes 114,318 112,848 178,730 186,540
Provision for income taxes 26,173 20,308 42,189 38,286
Net income 88,145 92,540 136,541 148,254
Net loss attributable to noncontrolling interest 118 0 100 0
Net income $ 88,263 $ 92,540 $ 136,641 $ 148,254
Basic net income per share (in dollars per share) $ 1.44 $ 1.46 $ 2.23 $ 2.34
Diluted net income per share (in dollars per share) $ 1.42 $ 1.43 $ 2.20 $ 2.28
Weighted average shares outstanding:        
Basic (in shares) 61,419 63,172 61,352 63,238
Diluted (in shares) 62,164 64,886 62,096 65,052
Income from financial services        
Sales $ 19,746 $ 21,344 $ 38,551 $ 42,769