XML 56 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 1,527,953 $ 1,400,182 $ 1,348,223
Cost of products sold 854,122 784,834 752,731
Gross profit 673,831 615,348 595,492
Selling, general and administrative 338,872 332,862 290,334
Research and development 57,012 57,793 58,268
Restructuring charges (Note 3) 7,965 16,433 27,381
Currency exchange losses, net 10,255 216 8,578
Product liability expense (Note 20) 20,590 185,264 39,036
Operating income 239,137 22,780 171,895
Interest expense 21,660 10,758 9,432
Other income, net (Note 16) (21,056) (11,582) (5,684)
Total other expense (income), net 604 (824) 3,748
Income before income taxes 238,533 23,604 168,147
Provision for income taxes (Note 10) 58,903 1,816 43,009
Net income 179,630 21,788 125,138
Net income attributable to noncontrolling interests 0 (448) (1,061)
Net income attributable to MSA Safety Incorporated $ 179,630 $ 21,340 $ 124,077
Earnings per share attributable to MSA Safety Incorporated common shareholders (Note 9):      
Basic (in dollars per share) $ 4.58 $ 0.54 $ 3.19
Diluted (in dollars per share) 4.56 0.54 3.15
Dividends per common share (in dollars per share) $ 1.82 $ 1.75 $ 1.71