XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales (Note 2) $ 777,008 $ 790,052 $ 1,536,182 $ 1,547,748
Cost of goods sold 507,127 519,936 1,007,880 1,021,078
Gross profit 269,881 270,116 528,302 526,670
Selling, general & administrative expenses 163,388 163,940 323,796 325,131
Restructuring, Settlement and Impairment Provisions 1,307 11,542 4,842 21,717
Operating income 105,186 94,634 199,664 179,822
Interest Income (Expense), Net (5,898) (4,812) (11,221) (9,253)
Other income (expense) (Note 14) 4,196 4,441 7,959 7,892
Income before income taxes 103,484 94,263 196,402 178,461
Income taxes (Note 15) 18,040 25,404 39,492 48,782
Net income including non-controlling interests 85,444 68,859 156,910 129,679
Non-controlling interests in subsidiaries’ earnings (loss) (8) (5) (22) (9)
Net income $ 85,452 $ 68,864 $ 156,932 $ 129,688
Basic earnings (loss) per share (in dollars per share) $ 1.37 $ 1.05 $ 2.50 $ 1.98
Diluted earnings (loss) per share (in dollars per share) 1.36 1.04 2.47 1.96
Cash dividends declared per share (in dollars per share) $ 0.47 $ 0.39 $ 0.94 $ 0.78