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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 626,858 $ 592,418 $ 1,207,755 $ 1,143,140
Cost of goods sold 409,370 389,491 786,411 751,111
Gross profit 217,488 202,927 421,344 392,029
Selling, general & administrative expenses 129,846 120,497 252,216 234,307
Loss on deconsolidation of Venezuelan subsidiary (Note 1) 0 34,348 0 34,348
Operating income 87,642 48,082 169,128 123,374
Other income (expense):        
Interest income 1,245 435 2,022 865
Equity earnings in affiliates 440 839 1,235 1,465
Other income 936 588 1,892 1,249
Interest expense (6,297) (4,186) (12,411) (8,013)
Total other income (expense) (3,676) (2,324) (7,262) (4,434)
Income before income taxes 83,966 45,758 161,866 118,940
Income taxes (Note 12) 22,635 14,449 44,687 34,007
Net income including non-controlling interests 61,331 31,309 117,179 84,933
Non-controlling interests in subsidiaries’ loss (21) (8) (17) (22)
Net income $ 61,352 $ 31,317 $ 117,196 $ 84,955
Basic earnings (loss) per share (in dollars per share) $ 0.93 $ 0.46 $ 1.78 $ 1.23
Diluted earnings (loss) per share (in dollars per share) 0.92 0.45 1.76 1.22
Cash dividends declared per share (in dollars per share) $ 0.35 $ 0.32 $ 0.7 $ 0.64