XML 109 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 643,705 $ 643,679 $ 594,790
Cost of sales 432,338 439,427 405,781
Gross margin 211,367 204,252 189,009
Operating expenses:      
Selling expenses 60,932 57,219 54,720
Research and development expenses 11,377 11,592 9,305
General and administrative expenses 36,505 28,341 28,081
Total operating expenses 108,814 97,152 92,106
Earnings from operations 102,553 107,100 96,903
Other expenses:      
Interest expense, net 5,959 7,611 7,532
Other, net 116 459 883
Total other expenses 6,075 8,070 8,415
Earnings before income tax expense 96,478 99,030 88,488
Income tax expense/(benefit) 16,807 20,457 (1,583)
Net earnings $ 79,671 $ 78,573 $ 90,071
Basic net earnings per common share (in dollars per share) $ 2.48 $ 2.45 $ 2.83
Diluted net earnings per common share (in dollars per share) $ 2.45 $ 2.42 $ 2.79