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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONSOLIDATED STATEMENTS OF INCOME    
Net sales (Note 2) $ 1,039,343 $ 925,448
Cost of goods sold 683,986 595,671
Gross profit 355,357 329,777
Selling, general & administrative expenses 190,116 166,686
Rationalization and asset impairment charges (Note 6) 877 1,885
Operating income 164,364 161,206
Interest expense, net 13,201 6,198
Other income (Note 11) 4,209 4,634
Income before income taxes 155,372 159,642
Income taxes (Note 12) 33,413 33,611
Net income including non-controlling interests 121,959 126,031
Non-controlling interests in subsidiaries' income 28 1
Net income $ 121,931 $ 126,030
Basic earnings per share (Note 3) $ 2.12 $ 2.15
Diluted earnings per share (Note 3) 2.09 2.13
Cash dividends declared per share $ 0.64 $ 0.56