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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sales $ 1,771,647 $ 1,651,415 $ 5,046,652 $ 4,451,420
Cost of Goods and Services Sold 1,335,105 1,250,145 3,821,214 3,341,493
Gross profit 436,542 401,270 1,225,438 1,109,927
Operating expenses:        
Selling and marketing 149,759 128,929 419,621 369,495
Research and development 77,337 64,181 220,836 197,741
General and administrative 100,794 90,639 297,822 262,206
Total operating expenses 327,890 283,749 938,279 829,442
Operating income 130,254 138,869 347,312 344,602
Non-operating expense:        
Interest expense 19,733 19,823 60,772 37,087
Equity in loss of other affiliates 4,072 111 5,133 25,576
Other income, net (1,711) (4,124) (5,483) (27,660)
Income before income taxes 108,160 123,059 286,890 309,599
Provision for income taxes 19,772 27,530 61,961 65,816
Net income 88,388 95,529 224,929 243,783
Net loss attributable to noncontrolling interest 0 0 100 0
Net income $ 88,388 $ 95,529 $ 225,029 $ 243,783
Basic net income per share (in dollars per share) $ 1.44 $ 1.54 $ 3.67 $ 3.88
Diluted net income per share (in dollars per share) $ 1.42 $ 1.50 $ 3.62 $ 3.78
Weighted average shares outstanding:        
Basic (in shares) 61,480 62,207 61,394 62,894
Diluted (in shares) 62,265 63,546 62,152 64,550
Income from financial services        
Sales $ 21,602 $ 21,348 $ 60,153 $ 64,117