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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,280,846 $ 1,121,328 $ 1,958,134 $ 1,718,784
Cost of sales 907,365 791,014 1,395,024 1,213,839
Gross profit 373,481 330,314 563,110 504,945
Selling and administrative expenses 167,624 157,791 314,721 294,036
Impairment of goodwill and other assets 0 0 6,944 0
Operating income 205,857 172,523 241,445 210,909
Interest and other non-operating expenses, net 2,643 6,424 7,432 13,040
Income before income taxes and equity earnings 203,214 166,099 234,013 197,869
Income tax provision 45,733 34,778 45,708 33,976
Equity earnings in unconsolidated investments, net 74 69 162 134
Net income $ 157,555 $ 131,390 $ 188,467 $ 164,027
Earnings per share:        
Basic (in dollars per share) $ 3.94 $ 3.30 $ 4.71 $ 4.14
Diluted (in dollars per share) $ 3.87 $ 3.22 $ 4.62 $ 4.02
Weighted average shares outstanding: [Abstract]        
Basic (in shares) 39,973 39,827 40,049 39,654
Diluted (in shares) 40,715 40,848 40,837 40,773
Cash dividends declared per common share $ 0.58 $ 0.55 $ 1.13 $ 1.00