QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]



	First ⁽¹⁾		Second ⁽²⁾		Third ⁽³⁾		Fourth ⁽⁴⁾
2019
Net sales	$	759,174	$	777,008	$	730,783	$	736,307
Gross profit	258,421		269,881		238,351		240,934
Income before income taxes	92,918		103,484		91,797		80,294
Net income	71,480		85,452		72,461		63,716
Basic earnings per share ⁽⁵⁾	$	1.13	$	1.37	$	1.18	$	1.04
Diluted earnings per share ⁽⁵⁾	$	1.12	$	1.36	$	1.17	$	1.03
2018
Net sales	$	757,696	$	790,052	$	737,099	$	743,827
Gross profit	256,554		270,116		251,552		250,299
Income before income taxes	84,198		94,263		95,744		94,455
Net income	60,824		68,864		70,539		86,839
Basic earnings per share ⁽⁵⁾	$	0.93	$	1.05	$	1.09	$	1.36
Diluted earnings per share ⁽⁵⁾	$	0.92	$	1.04	$	1.07	$	1.35


(1)	2019 includes special item charges of $3,535 ($2,814 after-tax) for Rationalization and asset impairment charges and $790 ($698 after-tax) for acquisition transaction and integration costs.

2018 includes special item charges of $758 ($569 after-tax) for pension settlement charges, $10,175 ($7,870 after-tax) for Rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,500 and $1,907 ($1,520 after-tax) for acquisition transaction and integration costs.

(2)

2019 includes special item charges of $3,554 ($2,586 after-tax) for gains on the disposal of assets, $1,399 ($1,049 after-tax) for amortization of step up in value of acquired inventories, $1,014 ($867 after-tax) for acquisition transaction and integration costs, $1,307 ($937 after-tax) for Rationalization and asset impairment charges and $4,852 for the settlement of a tax item as well as tax deductions associated with an investment in a subsidiary.

2018 includes special item charges of $11,542 ($10,362 after-tax) for Rationalization and asset impairment charges and $788 ($675 after-tax) for acquisition transaction and integration costs.


(3)	2019 includes special item charges of $1,495 ($1,240 after-tax) for Rationalization and asset impairment charges, $1,609 for amortization of step up in value of acquired inventories and $7,601 for a gain on change in control related to the acquisition of Askaynak.

2018 includes special item charges of $4,232 ($3,176 after-tax) for pension settlement charges, $2,636 ($2,575 after-tax) for Rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,323 and acquisition-related items including $970 ($797 after-tax) for acquisition transaction and integration costs.


(4)	2019 includes special item charges of $8,851 ($7,284 after-tax) for Rationalization and asset impairment charges.

2018 includes special item charges of $1,696 ($1,272 after-tax) for pension settlement charges, $932 ($841 gain after-tax) for Rationalization and asset impairment charges and gains or losses on the disposal of assets, a $4,424 credit related to the U.S. Tax Act and acquisition-related items including $833 ($690 after-tax) for acquisition transaction and integration costs.

(5)

The quarterly earnings per share ("EPS") amounts are each calculated independently. Therefore, the sum of the quarterly EPS amounts may not equal the annual totals.