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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales $ 1,511,800 $ 1,779,300 $ 2,917,000 $ 3,275,000
Cost of Goods and Services Sold 1,179,100 1,342,900 2,291,400 2,486,100
Gross profit 332,700 436,400 625,600 788,900
Operating expenses:        
Selling and marketing 119,600 140,600 269,800 269,900
Research and development 66,800 76,400 145,200 143,500
General and administrative 87,900 104,100 166,400 197,000
Goodwill and Intangible Asset Impairment 379,200 0 379,200 0
Total operating expenses 653,500 321,100 960,600 610,400
Operating income (loss) (295,400) 135,100 (289,900) 217,000
Non-operating expense:        
Interest expense 17,900 20,600 34,100 41,000
Equity in loss of other affiliates 0 500 0 1,100
Other (income) expense, net 800 (300) 1,700 (3,800)
Income (loss) before income taxes (314,100) 114,300 (325,700) 178,700
Provision for income taxes (78,700) 26,200 (84,900) 42,200
Net income (loss) (235,400) 88,100 (240,800) 136,500
Net loss attributable to noncontrolling interest 0 100 0 100
Net income (loss) $ (235,400) $ 88,200 $ (240,800) $ 136,600
Basic net income per share (in dollars per share) $ (3.82) $ 1.44 $ (3.90) $ 2.23
Diluted net income per share (in dollars per share) $ (3.82) $ 1.42 $ (3.90) $ 2.20
Weighted average shares outstanding:        
Basic (in shares) 61,600 61,400 61,700 61,400
Diluted (in shares) 61,600 62,200 61,700 62,100
Income from financial services        
Sales $ 25,400 $ 19,800 $ 45,100 $ 38,500