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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 1,034,887 $ 929,240 $ 900,610
Cost of goods sold 645,105 550,849 529,538
Gross profit 389,782 378,391 371,072
Selling, general and administrative expenses 168,713 160,127 163,909
Technical and research expenses 39,941 38,922 35,347
Restructuring expenses, net 106 1,331 5,736
Operating income 181,022 178,011 166,080
Interest income (3,835) (2,500) (2,748)
Interest expense 17,835 17,391 16,332
Pension settlement expense 49,128 0 0
Aviation Manufacturing Jobs Protection (AMJP) grant 0 (5,832) 0
Other expense/(income), net (14,086) 3,021 13,422
Income before income taxes 131,980 165,931 139,074
Income tax expense 35,472 47,163 41,831
Net income 96,508 118,768 97,243
Net income/(loss) attributable to the noncontrolling interest 746 290 (1,346)
Net income attributable to the Company $ 95,762 $ 118,478 $ 98,589
Earnings per share attributable to Company shareholders - Basic (in dollars per share) $ 3.06 $ 3.66 $ 3.05
Earnings per share attributable to Company shareholders - Diluted (in dollars per share) 3.04 3.65 3.05
Dividends declared per share, Class A and Class B (in dollars per share) $ 0.88 $ 0.81 $ 0.77