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Interim Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales        
Products $ 544,408 $ 508,963 $ 1,514,516 $ 1,392,860
Service 154,391 141,635 432,506 405,698
Total net sales 698,799 650,598 1,947,022 1,798,558
Cost of sales        
Products 217,194 203,150 593,277 552,329
Service 81,328 77,954 235,651 229,252
Gross profit 400,277 369,494 1,118,094 1,016,977
Research and development 32,477 30,139 96,723 89,813
Selling, general and administrative 204,915 187,680 582,604 544,399
Amortization 10,716 9,087 31,010 26,166
Interest expense 8,248 7,167 24,160 20,619
Restructuring Charges 3,385 1,494 8,840 4,579
Other charges (income), net 909 603 (5,565) 8,492
Earnings before taxes 139,627 133,324 380,322 322,909
Provision for taxes 34,677 31,992 81,326 76,315
Net earnings $ 104,950 $ 101,332 $ 298,996 $ 246,594
Basic earnings per common share:        
Net earnings $ 4.10 $ 3.84 $ 11.60 $ 9.25
Weighted average number of common shares 25,613,433 26,375,468 25,764,472 26,644,938
Diluted earnings per common share:        
Net earnings $ 3.99 $ 3.77 $ 11.31 $ 9.08
Weighted average number of common and common equivalent shares 26,303,529 26,888,810 26,446,677 27,153,450
Comprehensive Income, Net of Tax (Note 9) $ 125,699 $ 117,704 $ 376,357 $ 246,840