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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The cumulative effect of the changes made to the Consolidated Balance Sheet as of January 1, 2018 for the adoption of ASC 606 were as follows:
 
Balance at December 31, 2017
 
Adjustments Due to ASC 606
 
Balance at January 1, 2018
Assets
 
 
 
 
 
Accounts receivable, less allowances
$
348,943

 
$
13,536

 
$
362,479

Inventories
241,962

 
(8,908
)
 
233,054

Prepaid expenses and other current assets
32,526

 
14,579

 
47,105

Deferred income taxes
12,161

 
(990
)
 
11,171

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued liabilities
181,241

 
13,536

 
194,777

Deferred income taxes
73,505

 
386

 
73,891

 
 
 
 
 
 
Stockholders' equity
 
 
 
 
 
Retained earnings
1,206,723

 
4,295

 
1,211,018


The impact of adoption on the Consolidated Statements of Income and Balance Sheets was as follows:
 
 
Twelve Months Ended
December 31, 2018
 
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
Consolidated Statement of Income
 
 
 
 
 
 
Net sales
 
$
1,495,889

 
$
1,498,662

 
$
(2,773
)
Cost of sales
 
963,524

 
964,657

 
(1,133
)
Operating income
 
231,764

 
233,404

 
(1,640
)
Income before income taxes
 
207,495

 
209,135

 
(1,640
)
Income taxes
 
41,309

 
41,699

 
(390
)
Net income
 
166,186

 
167,436

 
(1,250
)


 
December 31, 2018
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change Higher/(Lower)
Consolidated Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, less allowances
$
382,253

 
$
366,870

 
$
15,383

Inventories
265,990

 
273,712

 
(7,722
)
Prepaid expenses and other current assets
57,184

 
45,340

 
11,844

Deferred income taxes
20,474

 
21,056

 
(582
)
 
 
 

 
 
Liabilities
 
 

 
 
Accrued liabilities
206,782

 
191,292

 
15,490

Deferred income taxes
106,559

 
106,163

 
396

 
 
 

 
 
Stockholders' equity
 
 

 
 
Retained earnings
1,363,772

 
1,360,727

 
3,045

Accumulated other changes to equity
(190,500
)
 
(190,161
)
 
(339
)