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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 284,178 $ 262,476 $ 836,964 $ 745,345
Cost of sales 150,282 143,338 454,881 403,866
Gross profit 133,896 119,138 382,083 341,479
Operating expenses:        
Research and development and other engineering 10,441 11,265 32,840 35,051
Selling 26,879 27,867 83,653 86,150
General and administrative 36,114 33,457 112,897 105,962
Net gain on disposal of assets (460) (147) (1,769) (147)
Total operating expenses 72,974 72,442 227,621 227,016
Income from operations 60,922 46,696 154,462 114,463
Loss in equity method investment, before tax (30) (13) (52) (53)
Interest expense, net (58) (296) (332) (685)
Gain (adjustment) on bargain purchase of a business 0 (2,052) 0 6,336
Gain on disposal of a business 0 443 0 443
Income before taxes 60,834 44,778 154,078 120,504
Provision for income taxes 16,473 16,581 40,202 40,972
Net income $ 44,361 $ 28,197 $ 113,876 $ 79,532
Earnings per common share:        
Basic (in dollars per share) $ 0.96 $ 0.60 $ 2.46 $ 1.67
Diluted (in dollars per share) $ 0.95 $ 0.59 $ 2.43 $ 1.66
Number of shares outstanding        
Basic (in shares) 46,192 47,367 46,375 47,544
Diluted (in shares) 46,622 47,686 46,770 47,843
Cash dividends declared per common share (in dollars per share) $ 0.220 $ 0.42 $ 0.650 $ 0.81