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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 225,990 $ 273,949 $ 461,754 $ 525,321
Cost of goods sold 123,010 168,767 269,302 328,368
Gross profit 102,980 105,182 192,452 196,953
Selling, general, and administrative expenses 38,543 40,816 78,649 81,761
Technical and research expenses 8,873 9,242 18,003 19,491
Restructuring expenses, net 2,837 899 3,479 1,383
Operating income 52,727 54,225 92,321 94,318
Interest expense, net 3,823 4,631 7,800 9,048
Other expense/(income), net 1,091 930 16,660 (278)
Income before income taxes 47,813 48,664 67,861 85,548
Income tax expense 15,364 14,405 27,818 21,881
Net income 32,449 34,259 40,043 63,667
Net (loss)/income attributable to the noncontrolling interest 95 205 (1,420) 423
Net income attributable to the Company $ 32,354 $ 34,054 $ 41,463 $ 63,244
Earnings per share attributable to Company shareholders - Basic (in dollars per share) $ 1.00 $ 1.05 $ 1.28 $ 1.96
Earnings per share attributable to Company shareholders - Diluted (in dollars per share) $ 1.00 $ 1.05 $ 1.28 $ 1.96
Shares of the Company used in computing earnings per share:        
Weighted average number of shares outstanding, Basic (in shares) 32,328 32,299 32,320 32,286
Weighted average number of shares outstanding, Diluted (in shares) 32,336 32,311 32,328 32,298
Dividends declared per share (in dollars per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36