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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 1,021,683 $ 1,060,565 $ 2,002,880 $ 2,099,908
Cost of goods sold 637,870 687,137 1,250,668 1,371,123
Gross profit 383,813 373,428 752,212 728,785
Selling, general & administrative expenses 208,485 192,748 407,232 382,864
Rationalization and asset impairment charges (Note 6) 26,490 2,667 31,095 3,544
Operating income 148,838 178,013 313,885 342,377
Interest expense, net 10,661 11,699 19,440 24,899
Other income (expense) (1,553) 6,746 709 10,926
Income before income taxes 136,624 173,060 295,154 328,404
Income taxes (Note 11) 34,916 35,729 70,031 69,142
Net income $ 101,708 $ 137,331 $ 225,123 $ 259,262
Basic earnings per share (Note 3) $ 1.79 $ 2.39 $ 3.96 $ 4.51
Diluted earnings per share (Note 3) 1.77 2.36 3.91 4.44
Cash dividends declared per share $ 0.71 $ 0.64 $ 1.42 $ 1.28