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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales $ 1,954,600 $ 1,771,600 $ 4,871,600 $ 5,046,600
Cost of Goods and Services Sold 1,420,000 1,335,100 3,711,400 3,821,200
Gross profit 534,600 436,500 1,160,200 1,225,400
Operating expenses:        
Selling and marketing 135,500 149,800 405,300 419,700
Research and development 77,200 77,300 222,400 220,800
General and administrative 100,600 100,800 267,000 297,800
Goodwill and Intangible Asset Impairment 0 0 379,200 0
Total operating expenses 313,300 327,900 1,273,900 938,300
Operating income (loss) 239,400 130,300 (50,500) 347,300
Non-operating expense:        
Interest expense 17,300 19,800 51,400 60,800
Equity in loss of other affiliates 0 4,000 0 5,100
Other (income) expense, net 3,200 (1,700) 4,900 (5,500)
Income (loss) before income taxes 218,900 108,200 (106,800) 286,900
Provision for income taxes 52,000 19,800 (32,900) 62,000
Net income (loss) 166,900 88,400 (73,900) 224,900
Net (income) loss attributable to noncontrolling interest (100) 0 (100) 100
Net income (loss) $ 166,800 $ 88,400 $ (74,000) $ 225,000
Basic net income per share (in dollars per share) $ 2.70 $ 1.44 $ (1.20) $ 3.67
Diluted net income per share (in dollars per share) $ 2.66 $ 1.42 $ (1.20) $ 3.62
Weighted average shares outstanding:        
Basic (in shares) 61,900 61,500 61,800 61,400
Diluted (in shares) 62,800 62,300 61,800 62,200
Income from financial services        
Sales $ 18,100 $ 21,700 $ 63,200 $ 60,200