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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales:      
Total net sales $ 1,353,215 $ 1,359,132 $ 1,289,386
Cost of sales:      
Total cost of sales 336,891 333,727 328,324
Gross profit 1,016,324 1,025,405 961,062
Operating expenses:      
Sales and marketing 473,392 482,576 477,921
Research and development 272,452 261,072 231,761
General and administrative 122,768 108,878 105,602
Gain on sale of assets (26,842) 0 0
Total operating expenses 841,770 852,526 815,284
Operating income 174,554 172,879 145,778
Other income (expense):      
Interest income 8,129 5,896 2,276
Net foreign exchange (loss) gain (1,846) (3,423) 892
Other (expense) income, net (293) 1,101 (1,566)
Income before income taxes 180,544 176,453 147,380
Provision for income taxes 18,393 21,396 94,969
Net income $ 162,151 $ 155,057 $ 52,411
Basic earnings per share (in dollars per share) $ 1.23 $ 1.17 $ 0.40
Weighted average shares outstanding - basic (in shares) 131,722 131,987 130,300
Diluted earnings per share (in dollars per share) $ 1.22 $ 1.16 $ 0.40
Weighted average shares outstanding - diluted (in shares) 132,734 133,274 131,387
Dividends declared per share (in dollars per share) $ 1.00 $ 0.92 $ 0.84
Product      
Net sales:      
Total net sales $ 1,215,014 $ 1,220,027 $ 1,173,476
Cost of sales:      
Total cost of sales 329,364 325,208 318,863
Software maintenance      
Net sales:      
Total net sales 138,201 139,105 115,910
Cost of sales:      
Total cost of sales $ 7,527 $ 8,519 $ 9,461