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QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (UNAUDITED) | QUARTERLY FINANCIAL DATA (UNAUDITED)
|  | First (1) |  | Second (2) |  | Third (3) |  | Fourth (4)
2017 |  |  |  |  |  |  |  |
Net sales |  | $ | 580,897 |  |  | $ | 626,858 |  |  | $ | 669,491 |  |  | $ | 747,185 |
Gross profit |  | 203,856 |  |  | 217,488 |  |  | 219,516 |  |  | 239,466 |
Income before income taxes |  | 77,900 |  |  | 83,966 |  |  | 130,642 |  |  | 73,728 |
Net income |  | 55,844 |  |  | 61,352 |  |  | 106,126 |  |  | 24,181 |
Basic earnings per share (5) |  | $ | 0.85 |  |  | $ | 0.93 |  |  | $ | 1.61 |  |  | $ | 0.37 |
Diluted earnings per share (5) |  | $ | 0.84 |  |  | $ | 0.92 |  |  | $ | 1.59 |  |  | $ | 0.36 |
2016 |  |  |  |  |  |  |  |
Net sales |  | $ | 550,772 |  |  | $ | 592,418 |  |  | $ | 567,646 |  |  | $ | 563,828 |
Gross profit |  | 189,102 |  |  | 202,927 |  |  | 199,812 |  |  | 197,457 |
Income before income taxes |  | 73,182 |  |  | 45,758 |  |  | 80,296 |  |  | 78,152 |
Net income |  | 53,638 |  |  | 31,317 |  |  | 60,049 |  |  | 53,395 |
Basic earnings per share (5) |  | $ | 0.77 |  |  | $ | 0.46 |  |  | $ | 0.90 |  |  | $ | 0.81 |
Diluted earnings per share (5) |  | $ | 0.76 |  |  | $ | 0.45 |  |  | $ | 0.89 |  |  | $ | 0.81 |
(1) | 2017 includes special item charges of $3,615 ($2,734 after-tax) related to acquisition transaction costs.
(2) | 2017 includes special item charges of $4,498 ($3,494 after-tax) related to acquisition transaction and integration costs.
2016 includes special item charges of $34,348 ($33,251 after-tax) primarily related to the loss on deconsolidation of Venezuelan subsidiary and a tax benefit of $7,196 related to the reversal of an income tax valuation allowance as a result of a legal entity change to realign the Company's tax structure.
(3) | 2017 includes special item charges of $5,283 ($3,260 after-tax) for pension settlement charges and acquisition-related items including $2,314 ($1,745 after-tax) in amortization of step up in value of acquired inventories, $3,273 ($2,229 after-tax) for acquisition transaction and integration costs and a $51,585 bargain purchase gain.
(4) | 2017 includes special item charges of $2,867 ($1,770 after-tax) for pension settlement charges, $6,590 ($6,198 after-tax) for rationalization and asset impairment charges, $28,616 for the net impact of the U.S. Tax Act and acquisition-related items including $2,264 ($1,708 after-tax) in amortization of step up in value of acquired inventories, $3,616 ($3,102 after-tax) for acquisition transaction and integration costs and a $1,935 adjustment to the bargain purchase gain.
(5) | The quarterly earnings per share ("EPS") amounts are each calculated independently. Therefore, the sum of the quarterly EPS amounts may not equal the annual totals.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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