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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Sales $ 1,405,200 $ 1,495,700
Cost of Goods and Services Sold 1,112,300 1,143,200
Gross profit 292,900 352,500
Operating expenses:    
Selling and marketing 150,200 129,300
Research and development 78,400 67,100
General and administrative 78,500 92,900
Total operating expenses 307,100 289,300
Operating income 5,500 81,900
Non-operating expense:    
Interest expense 16,200 20,400
Equity in loss of other affiliates 0 600
Other income, net 900 (3,500)
Income before income taxes (11,600) 64,400
Provision for income taxes (6,200) 16,000
Net income (5,400) 48,400
Net loss attributable to noncontrolling interest 0 0
Net income $ (5,400) $ 48,400
Basic net income per share (in dollars per share) $ (0.09) $ 0.79
Diluted net income per share (in dollars per share) $ (0.09) $ 0.78
Weighted average shares outstanding:    
Basic (in shares) 61,900 61,300
Diluted (in shares) 61,900 62,000
Income from financial services    
Sales $ 19,700 $ 18,700