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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 1,060,565 $ 969,589 $ 2,099,908 $ 1,895,037
Cost of goods sold 687,137 636,108 1,371,123 1,231,779
Gross profit 373,428 333,481 728,785 663,258
Selling, general & administrative expenses 192,748 166,792 382,864 333,478
Rationalization and asset impairment charges (Note 6) 2,667 (844) 3,544 1,041
Operating income 178,013 167,533 342,377 328,739
Interest expense, net 11,699 6,459 24,899 12,657
Other income (expense) (Note 11) 6,746 (1,133) 10,926 3,500
Income before income taxes 173,060 159,941 328,404 319,582
Income taxes (Note 12) 35,729 32,118 69,142 65,729
Net income $ 137,331 $ 127,823 $ 259,262 $ 253,853
Basic earnings per share (Note 3) $ 2.39 $ 2.20 $ 4.51 $ 4.35
Diluted earnings per share (Note 3) 2.36 2.18 4.44 4.30
Cash dividends declared per share $ 0.64 $ 0.56 $ 1.28 $ 1.12