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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 211,999 $ 271,133 $ 673,753 $ 796,454
Cost of goods sold 124,697 167,026 393,999 495,394
Gross profit 87,302 104,107 279,754 301,060
Selling, general, and administrative expenses 39,518 39,841 118,167 121,602
Technical and research expenses 8,301 8,832 26,304 28,323
Restructuring expenses, net 710 (244) 4,189 1,139
Operating income 38,773 55,678 131,094 149,996
Interest expense, net 2,242 3,987 10,042 13,035
Other expense/(income), net (2,745) (1,628) 13,915 (1,906)
Income before income taxes 39,276 53,319 107,137 138,867
Income tax expense 9,686 13,194 37,504 35,075
Net income 29,590 40,125 69,633 103,792
Net income/(loss) attributable to the noncontrolling interest 1 116 (1,419) 539
Net income attributable to the Company $ 29,589 $ 40,009 $ 71,052 $ 103,253
Earnings per share attributable to Company shareholders - Basic (in dollars per share) $ 0.92 $ 1.24 $ 2.20 $ 3.20
Earnings per share attributable to Company shareholders - Diluted (in dollars per share) $ 0.91 $ 1.24 $ 2.20 $ 3.20
Shares of the Company used in computing earnings per share:        
Weighted average number of shares outstanding, Basic (in shares) 32,337 32,306 32,326 32,293
Weighted average number of shares outstanding, Diluted (in shares) 32,344 32,317 32,333 32,305
Dividends declared per share (in dollars per share) $ 0.19 $ 0.18 $ 0.57 $ 0.54