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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales (Note 2) $ 790,052 $ 626,858 $ 1,547,748 $ 1,207,755
Cost of goods sold 519,936 410,547 1,021,078 788,781
Gross profit 270,116 216,311 526,670 418,974
Selling, general & administrative expenses 163,940 130,738 325,131 253,994
Restructuring, Settlement and Impairment Provisions 11,542 0 21,717 0
Operating income 94,634 85,573 179,822 164,980
Interest Income (Expense), Net (4,812) (5,052) (9,253) (10,389)
Other income (expense) (Note 13) 4,441 3,445 7,892 7,275
Income before income taxes 94,263 83,966 178,461 161,866
Income taxes (Note 14) 25,404 22,635 48,782 44,687
Net income including non-controlling interests 68,859 61,331 129,679 117,179
Non-controlling interests in subsidiaries’ earnings (loss) (5) (21) (9) (17)
Net income $ 68,864 $ 61,352 $ 129,688 $ 117,196
Basic earnings (loss) per share (in dollars per share) $ 1.05 $ 0.93 $ 1.98 $ 1.78
Diluted earnings (loss) per share (in dollars per share) 1.04 0.92 1.96 1.76
Cash dividends declared per share (in dollars per share) $ 0.39 $ 0.35 $ 0.78 $ 0.7