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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales        
Product sales $ 511,676 $ 459,774 $ 956,363 $ 883,003
Service sales 108,622 107,879 211,457 208,241
Total net sales 620,298 567,653 1,167,820 1,091,244
Cost of sales        
Cost of product sales 324,184 302,794 623,495 592,404
Cost of service sales 69,614 69,849 136,634 136,895
Total cost of sales 393,798 372,643 760,129 729,299
Gross profit 226,500 195,010 407,691 361,945
Research and development expenses 15,054 15,788 30,995 31,379
Selling expenses 32,665 29,055 64,185 58,513
General and administrative expenses 76,705 70,435 145,937 144,629
Operating income 102,076 79,732 166,574 127,424
Interest expense (9,566) (10,750) (17,770) (21,127)
Other income, net 3,971 3,729 8,654 7,576
Earnings from continuing operations before income taxes 96,481 72,711 157,458 113,873
Provision for income taxes (21,693) (22,061) (39,027) (30,676)
Net earnings $ 74,788 $ 50,650 $ 118,431 $ 83,197
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.69 $ 1.15 $ 2.68 $ 1.88
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.68 1.13 2.66 1.86
Dividends per share $ 0.15 $ 0.13 $ 0.3 $ 0.26
Weighted average shares outstanding:        
Basic (shares) 44,124 44,213 44,144 44,221
Diluted (shares) 44,553 44,807 44,604 44,825