XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net Sales        
Net sales $ 595,393 $ 567,901 $ 1,763,213 $ 1,659,145
Total net sales 595,393 567,901 1,763,213 1,659,145
Cost of sales        
Total cost of sales 372,875 360,405 1,133,004 1,089,704
Gross profit 222,518 207,496 630,209 569,441
Research and development expenses 14,239 14,826 45,234 46,205
Selling expenses 30,361 29,252 94,546 87,765
General and administrative expenses 80,871 71,004 226,808 215,633
Operating income 97,047 92,414 263,621 219,838
Interest expense (7,949) (10,457) (25,719) (31,584)
Other income, net 3,843 4,457 12,497 12,033
Earnings from continuing operations before income taxes 92,941 86,414 250,399 200,287
Provision for income taxes (18,458) (22,470) (57,485) (53,146)
Net earnings $ 74,483 $ 63,944 $ 192,914 $ 147,141
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.70 $ 1.45 $ 4.38 $ 3.33
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.68 1.43 4.33 3.29
Dividends per share $ 0.15 $ 0.15 $ 0.45 $ 0.41
Weighted average shares outstanding:        
Basic (shares) 43,892 44,137 44,060 44,196
Diluted (shares) 44,334 44,686 44,513 44,782
Product [Member]        
Net Sales        
Net sales $ 495,197 $ 468,073 $ 1,451,560 $ 1,351,076
Cost of sales        
Cost of Goods and Services Sold 312,702 294,907 936,197 887,311
Service [Member]        
Net Sales        
Net sales 100,196 99,828 311,653 308,069
Cost of sales        
Cost of Goods and Services Sold $ 60,173 $ 65,498 $ 196,807 $ 202,393