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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 826,454 $ 590,727 $ 1,583,475 $ 1,292,718
Cost of goods sold 552,445 401,349 1,055,699 866,018
Gross profit 274,009 189,378 527,776 426,700
Selling, general & administrative expenses 151,557 126,376 297,233 276,103
Rationalization and asset impairment charges (Note 6) 630 23,238 4,793 29,759
Operating income 121,822 39,764 225,750 120,838
Interest expense, net 5,663 5,881 11,022 11,339
Other income (expense) (Note 14) 1,702 (203) 286 106
Income before income taxes 117,861 33,680 215,014 109,605
Income taxes (Note 15) 21,581 6,667 44,601 27,037
Net income including non-controlling interests 96,280 27,013 170,413 82,568
Non-controlling interests in subsidiaries' income (loss) 175 17 131 10
Net income $ 96,105 $ 26,996 $ 170,282 $ 82,558
Basic earnings per share (Note 3) $ 1.62 $ 0.45 $ 2.86 $ 1.38
Diluted earnings per share (Note 3) 1.60 0.45 2.83 1.37
Cash dividends declared per share $ 0.51 $ 0.49 $ 1.02 $ 0.98