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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 482,015 $ 481,998 $ 932,938 $ 926,734
Cost of Goods and Services Sold 229,815 248,590 461,370 459,465
Gross profit 252,200 233,408 471,568 467,269
Operating expenses:        
Research and development 56,012 52,957 109,859 100,637
Selling, general and administrative 88,676 113,713 204,918 218,203
Restructuring expenses 7,702 3,001 28,486 3,610
Total operating expenses 152,390 169,671 343,263 322,450
Earnings from operations 99,810 63,737 128,305 144,819
Interest expense 6,962 7,272 13,923 12,788
Interest income (127) (438) (476) (1,495)
Other expense (income), net 11,081 (1,220) 9,766 646
Earnings before income taxes 81,894 58,123 105,092 132,880
Income tax provision 20,637 12,005 28,411 25,014
Net earnings $ 61,257 $ 46,118 $ 76,681 $ 107,866
Net earnings per share:        
Basic earnings per share (in dollars per share) $ 0.47 $ 0.34 $ 0.58 $ 0.80
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.34 $ 0.57 $ 0.79
Weighted Average Number of Shares Outstanding, Basic 130,831 135,519 132,213 135,530
Weighted Average Number of Shares Outstanding, Diluted 131,687 137,084 133,389 137,105