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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales [1] $ 1,116,143 $ 1,058,482 $ 971,975
Cost of sales 789,487 735,995 690,987
Gross profit 326,656 322,487 280,988
Selling, general and administrative expenses 223,584 221,658 206,287
Restructuring and integration expense (income) 6,173 3,957 (134)
Other income, net 1,275 1,195 1,025
Operating income 98,174 98,067 75,860
Other non-operating income (expense), net 597 2,059 (220)
Interest expense 2,329 1,556 1,537
Earnings from continuing operations before taxes 96,442 98,570 74,103
Provision for income taxes 52,812 36,158 25,983
Earnings from continuing operations 43,630 62,412 48,120
Loss from discontinued operations, net of income tax benefit of $3,769, $1,322 and $1,401 (5,654) (1,982) (2,102)
Net earnings $ 37,976 $ 60,430 $ 46,018
Net earnings per common share - Basic:      
Earnings from continuing operations (in dollars per share) $ 1.92 $ 2.75 $ 2.11
Discontinued operations (in dollars per share) (0.25) (0.09) (0.09)
Net earnings per common share - Basic (in dollars per share) 1.67 2.66 2.02
Net earnings per common share - Diluted:      
Earnings from continuing operations (in dollars per share) 1.88 2.70 2.08
Discontinued operations (in dollars per share) (0.24) (0.08) (0.09)
Net earnings per common share - Diluted (in dollars per share) 1.64 2.62 1.99
Dividend declared per share (in dollars per share) $ 0.76 $ 0.68 $ 0.60
Average number of common shares (in shares) 22,726,491 22,722,517 22,811,862
Average number of common shares and dilutive common shares (in shares) 23,198,392 23,082,578 23,142,394
[1] Segment and product line net sales include intersegment sales in our Engine Management and Temperature Control segments.