XML 18 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 1,787,647 $ 1,527,953 $ 1,400,182
Cost of products sold 935,509 854,122 784,834
Gross profit 852,138 673,831 615,348
Selling, general and administrative 396,645 338,872 332,862
Research and development 67,988 57,012 57,793
Restructuring charges (Note 3) 9,892 7,965 16,433
Currency exchange losses, net 17,079 10,255 216
Loss on divestiture of MSA LLC (Note 20) 129,211 0 0
Product liability expense (Note 20) 3 20,590 185,264
Operating income 231,320 239,137 22,780
Interest expense 46,733 21,660 10,758
Other income, net (Note 16) (22,101) (21,056) (11,582)
Total other expense (income), net 24,632 604 (824)
Income before income taxes 206,688 238,533 23,604
Provision for income taxes (Note 10) 148,105 58,903 1,816
Net income 58,583 179,630 21,788
Net income attributable to noncontrolling interests 0 0 (448)
Net income attributable to MSA Safety Incorporated $ 58,583 $ 179,630 $ 21,340
Earnings per share attributable to MSA Safety Incorporated common shareholders (Note 9):      
Basic (in dollars per share) $ 1.49 $ 4.58 $ 0.54
Diluted (in dollars per share) 1.48 4.56 0.54
Dividends per common share (in dollars per share) $ 1.87 $ 1.82 $ 1.75