XML 61 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Recognition (Schedule of Consolidated Statement of Income) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 253,253 $ 222,141 $ 739,459 $ 636,989
Cost of goods sold 160,227 142,582 472,604 418,224
Gross profit 93,026 79,559 266,855 218,765
Selling, general, and administrative expenses 39,071 40,575 117,708 122,296
Technical and research expenses 9,958 10,553 30,473 30,788
Restructuring expenses, net 2,552 5,503 13,714 10,220
Operating income 41,445 22,928 104,960 55,461
Interest expense, net 4,621 4,429 13,530 13,042
Other (income)/expense, net (3,151) (530) (973) 2,854
Income before income taxes 39,975 19,029 92,403 39,565
Income tax expense 11,491 3,809 23,131 12,138
Net income 28,484 15,220 69,272 27,427
Net income/(loss) attributable to the noncontrolling interest 269 (49) 447 202
Net income attributable to the Company $ 28,215 $ 15,269 $ 68,825 $ 27,225
Earnings per share attributable to Company shareholders - Basic $ 0.87 $ 0.47 $ 2.13 $ 0.85
Earnings per share attributable to Company shareholders - Diluted $ 0.87 $ 0.47 $ 2.13 $ 0.85
As reported [Member]        
Net sales $ 253,253   $ 739,459  
Cost of goods sold 160,227   472,604  
Gross profit 93,026   266,855  
Selling, general, and administrative expenses 39,071   117,708  
Technical and research expenses 9,958   30,473  
Restructuring expenses, net 2,552   13,714  
Operating income 41,445   104,960  
Interest expense, net 4,621   13,530  
Other (income)/expense, net (3,151)   (973)  
Income before income taxes 39,975   92,403  
Income tax expense 11,491   23,131  
Net income 28,484   69,272  
Net income/(loss) attributable to the noncontrolling interest 269   447  
Net income attributable to the Company $ 28,215   $ 68,825  
Earnings per share attributable to Company shareholders - Basic $ 0.87   $ 2.13  
Earnings per share attributable to Company shareholders - Diluted $ 0.87   $ 2.13  
Adjustments to reverse effects of ASC 606 [Member]        
Net sales $ 1,692   $ (6,342)  
Cost of goods sold 2,902   (1,320)  
Gross profit (1,210)   (5,022)  
Selling, general, and administrative expenses (12)   (67)  
Technical and research expenses    
Restructuring expenses, net    
Operating income (1,198)   (4,955)  
Interest expense, net    
Other (income)/expense, net    
Income before income taxes (1,198)   (4,955)  
Income tax expense (431)   (1,539)  
Net income (767)   (3,416)  
Net income/(loss) attributable to the noncontrolling interest (27)   (111)  
Net income attributable to the Company $ (740)   $ (3,305)  
Earnings per share attributable to Company shareholders - Basic $ (0.02)   $ (0.10)  
Earnings per share attributable to Company shareholders - Diluted $ (0.02)   $ (0.10)  
As adjusted to exclude adoption of ASC 606 [Member]        
Net sales $ 254,945   $ 733,117  
Cost of goods sold 163,129   471,284  
Gross profit 91,816   261,833  
Selling, general, and administrative expenses 39,059   117,641  
Technical and research expenses 9,958   30,473  
Restructuring expenses, net 2,552   13,714  
Operating income 40,247   100,005  
Interest expense, net 4,621   13,530  
Other (income)/expense, net (3,151)   (973)  
Income before income taxes 38,777   87,448  
Income tax expense 11,060   21,592  
Net income 27,717   65,856  
Net income/(loss) attributable to the noncontrolling interest 242   336  
Net income attributable to the Company $ 27,475   $ 65,520  
Earnings per share attributable to Company shareholders - Basic $ 0.85   $ 2.03  
Earnings per share attributable to Company shareholders - Diluted $ 0.85   $ 2.03