XML 63 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue Recognition (Schedule of Consolidated Statement of Income) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 229,981 $ 199,277
Cost of goods sold 148,330 123,249
Gross profit 81,651 76,028
Selling, general, and administrative expenses 41,930 40,407
Technical and research expenses 10,317 10,262
Restructuring expenses, net 8,573 2,681
Operating income 20,831 22,678
Interest expense, net 4,288 4,328
Other expense, net 1,452 826
Income before income taxes 15,091 17,524
Income tax expense 4,609 6,550
Net income 10,482 10,974
Net income attributable to the noncontrolling interest 237 135
Net income attributable to the Company $ 10,245 $ 10,839
Earnings per share attributable to Company shareholders - Basic $ 0.32 $ 0.34
Earnings per share attributable to Company shareholders - Diluted $ 0.32 $ 0.34
As reported [Member]    
Net sales $ 229,981  
Cost of goods sold 148,330  
Gross profit 81,651  
Selling, general, and administrative expenses 41,930  
Technical and research expenses 10,317  
Restructuring expenses, net 8,573  
Operating income 20,831  
Interest expense, net 4,288  
Other expense, net 1,452  
Income before income taxes 15,091  
Income tax expense 4,609  
Net income 10,482  
Net income attributable to the noncontrolling interest 237  
Net income attributable to the Company $ 10,245  
Earnings per share attributable to Company shareholders - Basic $ 0.32  
Earnings per share attributable to Company shareholders - Diluted $ 0.32  
Adjustments to reverse effects of ASC 606 [Member]    
Net sales $ (8,434)  
Cost of goods sold (6,526)  
Gross profit (1,908)  
Selling, general, and administrative expenses (60)  
Technical and research expenses  
Restructuring expenses, net  
Operating income (1,848)  
Interest expense, net  
Other expense, net  
Income before income taxes (1,848)  
Income tax expense (601)  
Net income (1,247)  
Net income attributable to the noncontrolling interest (57)  
Net income attributable to the Company $ (1,190)  
Earnings per share attributable to Company shareholders - Basic $ (0.04)  
Earnings per share attributable to Company shareholders - Diluted $ (0.04)  
As adjusted to exclude adoption of ASC 606 [Member]    
Net sales $ 221,547  
Cost of goods sold 141,804  
Gross profit 79,743  
Selling, general, and administrative expenses 41,870  
Technical and research expenses 10,317  
Restructuring expenses, net 8,573  
Operating income 18,983  
Interest expense, net 4,288  
Other expense, net 1,452  
Income before income taxes 13,243  
Income tax expense 4,008  
Net income 9,235  
Net income attributable to the noncontrolling interest 180  
Net income attributable to the Company $ 9,055  
Earnings per share attributable to Company shareholders - Basic $ 0.28  
Earnings per share attributable to Company shareholders - Diluted $ 0.28