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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 471,248 $ 434,898 $ 1,397,982 $ 1,327,223
Cost of Goods and Services Sold 241,661 212,824 701,116 654,684
Gross profit 229,587 222,074 696,866 672,539
Operating expenses:        
Research and development 50,050 41,997 151,069 132,987
Selling, general and administrative 105,149 91,525 326,590 296,664
Loss on sale of business 0 0 0 10,178
Total operating expenses 155,199 133,522 477,659 439,829
Earnings from operations 74,388 88,552 219,207 232,710
Interest expense 7,582 4,042 20,370 12,086
Interest income (612) (979) (2,107) (2,591)
Other (income) expense, net 292 71 938 229
Earnings before income taxes 67,126 85,418 200,006 222,986
Income tax provision 5,079 12,267 30,093 39,077
Net earnings $ 62,047 $ 73,151 $ 169,913 $ 183,909
Net earnings per share:        
Basic earnings per share (in dollars per share) $ 0.46 $ 0.53 $ 1.26 $ 1.33
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.52 $ 1.24 $ 1.31
Weighted Average Number of Shares Outstanding, Basic 134,741 138,190 135,264 138,146
Weighted Average Number of Shares Outstanding, Diluted 136,050 140,327 136,826 140,613