XML 24 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 3,523,926 $ 3,282,033 $ 2,298,893
Cost of sales 2,026,321 1,885,620 1,239,229
Gross profit 1,497,605 1,396,413 1,059,664
Selling, general and administrative expenses 576,194 543,485 292,408
Engineering, research and development expenses 277,313 228,994 167,632
Amortization 214,477 143,953 47,856
Goodwill, Impairment Loss 115,217 0 0
Gain on termination of alliance agreement (184,754) 0 0
Operating income 499,158 479,981 551,768
Interest expense 312,378 212,669 41,240
Interest income (11,257) (3,694) (243)
Other expense, net 25,367 23,926 31,695
Income before income tax (benefit) expense 172,670 247,080 479,076
Income Tax Expense (Benefit) (8,413) 38,160 69,950
Equity in net loss of affiliates 414 0 0
Net income $ 180,669 $ 208,920 $ 409,126
Earnings Per Share:      
Basic net income per common share $ 1.21 $ 1.47 $ 3.02
Diluted net income per common share $ 1.20 $ 1.46 $ 3.00
Weighted average shares outstanding      
Basic 149,900 142,294 135,411
Diluted 150,945 143,146 136,574