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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Sales        
Net sales $ 571,614 $ 614,880 $ 1,722,892 $ 1,832,190
Total net sales 571,614 614,880 1,722,892 1,832,190
Cost of sales        
Total cost of sales 358,793 388,804 1,123,466 1,179,197
Gross profit 212,821 226,076 599,426 652,993
Research and development expenses 17,587 18,362 54,163 54,503
Selling expenses 24,869 28,133 81,650 90,303
General and administrative expenses 77,251 74,012 230,515 224,888
Restructuring Charges 8,541 0 20,730 0
Operating income 84,573 105,569 212,368 283,299
Interest expense (9,055) (7,951) (25,059) (23,183)
Other income, net 5,417 6,355 6,844 17,704
Earnings from continuing operations before income taxes 80,935 103,973 194,153 277,820
Provision for income taxes (16,315) (21,463) (46,754) (59,645)
Net earnings $ 64,620 $ 82,510 $ 147,399 $ 218,175
Basic earnings per share        
Basic earnings per share (usd per share) $ 1.56 $ 1.93 $ 3.52 $ 5.10
Diluted earnings per share        
Diluted earnings per share (usd per share) 1.55 1.92 3.49 5.07
Dividends per share $ 0.17 $ 0.17 $ 0.51 $ 0.49
Weighted average shares outstanding:        
Basic (shares) 41,545 42,709 41,926 42,755
Diluted (shares) 41,797 42,995 42,190 43,025
Product [Member]        
Product sales $ 493,398 $ 516,760 $ 1,457,772 $ 1,520,612
Cost of sales        
Cost of Goods and Services Sold 305,921 331,793 945,886 986,475
Service [Member]        
Net Sales        
Net sales 78,216 98,120 265,120 311,578
Cost of sales        
Cost of Goods and Services Sold $ 52,872 $ 57,011 $ 177,580 $ 192,722