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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net revenues $ 2,537,156 $ 2,595,362 $ 2,448,383
Cost of goods sold 1,212,282 1,186,357 1,145,567
Gross profit 1,324,874 1,409,005 1,302,816
Selling, general and administrative expenses 743,568 851,766 797,062
Research and development expenses 119,747 113,857 106,208
Restructuring and impairment charges 38,491 22,205 79,230
Gain on sale of assets 0 (6,077) (1,388)
Income from continuing operations before interest, loss on extinguishment of debt and taxes 423,068 427,254 321,704
Interest expense 66,494 80,270 103,020
Interest income (1,158) (1,741) (944)
Loss on extinguishment of debt 0 8,822 0
Income from continuing operations before taxes 357,732 339,903 219,628
Taxes (benefit) on income from continuing operations 21,931 (122,078) 23,196
Income from continuing operations 335,801 461,981 196,432
(Loss) income from discontinued operations (621) (828) 5,643
(Benefit) taxes on (loss) income from discontinued operations (144) (313) 1,273
(Loss) income on discontinued operations (477) (515) 4,370
Net income $ 335,324 $ 461,466 $ 200,802
Basic:      
Income from continuing operations (in dollars per share) $ 7.22 $ 10.00 $ 4.30
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.01) 0.09
Net income (in dollars per share) 7.21 9.99 4.39
Diluted:      
Income from continuing operations (in dollars per share) 7.10 9.81 4.20
Income (loss) from discontinued operations (in dollars per share) (0.01) (0.01) 0.09
Net income (loss), diluted (in dollar per share) $ 7.09 $ 9.80 $ 4.29
Weighted average shares outstanding:      
Basic (in shares) 46,488 46,200 45,689
Diluted (in shares) 47,287 47,090 46,801