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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales        
Product sales $ 468,073 $ 413,905 $ 1,351,076 $ 1,244,148
Service sales 99,828 93,187 308,069 299,218
Total net sales 567,901 507,092 1,659,145 1,543,366
Cost of sales        
Cost of product sales 292,215 261,488 878,446 806,092
Cost of service sales 64,903 61,128 200,371 195,515
Total cost of sales 357,118 322,616 1,078,817 1,001,607
Gross profit 210,783 184,476 580,328 541,759
Research and development expenses 14,575 14,071 45,374 44,467
Selling expenses 28,818 26,273 86,331 85,025
General and administrative expenses 70,840 67,559 217,575 210,342
Operating income 96,550 76,573 231,048 201,925
Interest expense (10,457) (10,488) (31,584) (30,694)
Other income, net 321 483 823 818
Earnings from continuing operations before income taxes 86,414 66,568 200,287 172,049
Provision for income taxes (22,470) (20,636) (53,146) (53,335)
Net earnings $ 63,944 $ 45,932 $ 147,141 $ 118,714
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.45 $ 1.04 $ 3.33 $ 2.67
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.43 1.02 3.29 2.63
Dividends per share $ 0.15 $ 0.13 $ 0.41 $ 0.39
Weighted average shares outstanding:        
Basic (shares) 44,137 44,323 44,196 44,457
Diluted (shares) 44,686 44,997 44,782 45,128