XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 372,313 $ 341,289 $ 703,005 $ 649,717
Cost of products sold 207,913 188,289 395,821 361,934
Gross profit 164,400 153,000 307,184 287,783
Selling, general and administrative 86,076 83,426 164,625 158,889
Research and development 15,268 13,970 28,601 27,204
Restructuring charges (Note 3) 57 7,078 2,247 8,385
Currency exchange (gains) losses, net (1,463) 1,640 1,809 (459)
Product liability expense (Note 18) 2,926 11,751 5,698 14,547
Operating income 61,536 35,135 104,204 79,217
Interest expense 4,578 2,172 8,196 4,082
Other income, net (6,419) (2,293) (12,762) (6,506)
Total other income, net (1,841) (121) (4,566) (2,424)
Income before income taxes 63,377 35,256 108,770 81,641
Provision for income taxes (Note 10) 15,684 9,808 25,535 19,557
Net income 47,693 25,448 83,235 62,084
Net income attributable to noncontrolling interests 0 (262) 0 (448)
Net income attributable to MSA Safety Incorporated $ 47,693 $ 25,186 $ 83,235 $ 61,636
Earnings per share attributable to MSA Safety Incorporated common shareholders (Note 9):        
Basic (in dollars per share) $ 1.21 $ 0.64 $ 2.12 $ 1.57
Diluted (in dollars per share) 1.21 0.64 2.11 1.56
Dividends per common share (in dollars per share) $ 0.46 $ 0.44 $ 0.90 $ 0.87