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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 806,454 $ 668,888 $ 2,389,929 $ 1,961,606
Cost of goods sold 538,282 453,501 1,593,981 1,319,519
Gross profit 268,172 215,387 795,948 642,087
Selling, general & administrative expenses 149,118 131,337 446,351 407,440
Rationalization and asset impairment charges (Note 6) 3,484 6,257 8,277 36,016
Operating income 115,570 77,793 341,320 198,631
Interest expense, net 5,714 5,552 16,736 16,891
Other income (expense) (Note 14) (71,441) 1,062 (71,155) 1,168
Income before income taxes 38,415 73,303 253,429 182,908
Income taxes (Note 15) 6,658 14,797 51,259 41,834
Net income including non-controlling interests 31,757 58,506 202,170 141,074
Non-controlling interests in subsidiaries' income (loss) 0 27 131 37
Net income $ 31,757 $ 58,479 $ 202,039 $ 141,037
Basic earnings per share (Note 3) $ 0.54 $ 0.98 $ 3.40 $ 2.36
Diluted earnings per share (Note 3) 0.53 0.97 3.36 2.34
Cash dividends declared per share $ 0.51 $ 0.49 $ 1.53 $ 1.47