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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net Sales    
Net sales $ 559,461 $ 597,059
Cost of sales    
Cost of sales 358,059 387,302
Gross profit 201,402 209,757
Research and development expenses 20,549 21,863
Selling expenses 28,092 29,596
General and administrative expenses 87,600 73,232
Loss on divestiture 4,651 0
Operating income 60,510 85,066
Interest expense (9,530) (9,959)
Other income, net 2,997 4,843
Earnings before income taxes 53,977 79,950
Provision for income taxes (13,292) (20,481)
Net earnings $ 40,685 $ 59,469
Net earnings per share:    
Basic earnings per share (usd per share) $ 1.06 $ 1.45
Diluted earnings per share (usd per share) 1.05 1.45
Dividends per share $ 0.18 $ 0.17
Weighted-average shares outstanding:    
Basic (shares) 38,456 40,933
Diluted (shares) 38,668 41,103
Product    
Net Sales    
Net sales $ 453,421 $ 508,975
Cost of sales    
Cost of sales 294,527 329,454
Service    
Net Sales    
Net sales 106,040 88,084
Cost of sales    
Cost of sales $ 63,532 $ 57,848