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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 1,757,109 $ 1,510,644 $ 1,176,274
Cost of sales 1,413,229 1,226,882 983,641
Gross margin 343,880 283,762 192,633
Selling, general, and administrative expense 169,338 163,777 133,963
Research and development expense 28,977 26,575 20,283
Goodwill impairment charges (Note M) 0 0 9,053
Asset impairment charges (Note M) 0 0 1,419
Restructuring expense (income) 1,573 (438) 11,237
Other — net (Note E) 24,237 16,737 8,463
Operating profit 119,755 77,111 8,215
Other non-operating (income) expense — net (Note O) (5,250) (5,115) (3,939)
Interest expense - net 21,905 4,901 3,879
Income before income taxes 103,100 77,325 8,275
Income tax expense (benefit) (Note G) 17,110 4,851 (7,187)
Net income $ 85,990 $ 72,474 $ 15,462
Basic earnings per share:      
Net income per share of common stock (in usd per share) $ 4.19 $ 3.55 $ 0.76
Diluted earnings per share:      
Net income per share of common stock (in usd per share) $ 4.14 $ 3.50 $ 0.75
Weighted-average number of shares of common stock outstanding:      
Basic (in shares) 20,511 20,422 20,338
Diluted (in shares) 20,760 20,689 20,603