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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
Net sales (Note 2) $ 730,783 $ 737,099 $ 2,266,965 $ 2,284,847
Cost of goods sold 492,432 485,547 1,500,312 1,506,625
Gross profit 238,351 251,552 766,653 778,222
Selling, general & administrative expenses 148,312 148,129 472,108 473,260
Restructuring, Settlement and Impairment Provisions 1,495 2,636 6,337 24,353
Operating income 88,544 100,787 288,208 280,609
Interest Income (Expense), Net (6,400) (3,969) (17,621) (13,222)
Other income (expense) (Note 14) 9,653 (1,074) 17,612 6,818
Income before income taxes 91,797 95,744 288,199 274,205
Income taxes (Note 15) 19,340 25,209 58,832 73,991
Net income including non-controlling interests 72,457 70,535 229,367 200,214
Non-controlling interests in subsidiaries’ earnings (loss) (4) (4) (26) (13)
Net income $ 72,461 $ 70,539 $ 229,393 $ 200,227
Basic earnings (loss) per share (in dollars per share) $ 1.18 $ 1.09 $ 3.68 $ 3.07
Diluted earnings (loss) per share (in dollars per share) 1.17 1.07 3.64 3.03
Common Stock, Dividends, Per Share, Declared $ 0.47 $ 0.39 $ 1.41 $ 1.17