XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Sales $ 1,130,777 $ 1,124,327 $ 2,113,773 $ 2,157,672
Cost of sales 846,274 804,913 1,581,692 1,544,527
Gross profit 284,503 319,414 532,081 613,145
Operating expenses:        
Selling and marketing 77,820 79,656 155,061 149,341
Research and development 45,579 41,431 88,688 80,294
General and administrative 64,566 51,948 134,146 101,487
Total operating expenses 187,965 173,035 377,895 331,122
Income from financial services 20,464 17,638 39,960 32,280
Operating income 117,002 164,017 194,146 314,303
Non-operating expense:        
Interest expense 3,802 2,972 6,667 5,882
Equity in loss of other affiliates 1,583 1,748 3,641 3,371
Other expense, net 1,805 2,681 1,886 10,121
Income before income taxes 109,812 156,616 181,952 294,929
Provision for income taxes 38,646 55,673 63,897 105,423
Net income $ 71,166 $ 100,943 $ 118,055 $ 189,506
Basic net income per share (in dollars per share) $ 1.10 $ 1.52 $ 1.82 $ 2.86
Diluted net income per share (in dollars per share) $ 1.09 $ 1.49 $ 1.80 $ 2.79
Weighted average shares outstanding:        
Basic (in shares) 64,406 66,324 64,726 66,376
Diluted (in shares) 65,297 67,829 65,639 67,987