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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONSOLIDATED STATEMENTS OF INCOME        
Net sales (Note 2) $ 969,589 $ 826,454 $ 1,895,037 $ 1,583,475
Cost of goods sold 636,108 552,445 1,231,779 1,055,699
Gross profit 333,481 274,009 663,258 527,776
Selling, general & administrative expenses 166,792 151,557 333,478 297,233
Rationalization and asset impairment charges (Note 6) (844) 630 1,041 4,793
Operating income 167,533 121,822 328,739 225,750
Interest expense, net 6,459 5,663 12,657 11,022
Other income (expense) (Note 14) (1,134) 1,702 3,500 286
Income before income taxes 159,940 117,861 319,582 215,014
Income taxes (Note 15) 32,118 21,581 65,729 44,601
Net income including non-controlling interests 127,822 96,280 253,853 170,413
Non-controlling interests in subsidiaries' income (loss) (1) 175 0 131
Net income $ 127,823 $ 96,105 $ 253,853 $ 170,282
Basic earnings per share (Note 3) $ 2.20 $ 1.62 $ 4.35 $ 2.86
Diluted earnings per share (Note 3) 2.18 1.60 4.30 2.83
Cash dividends declared per share $ 0.56 $ 0.51 $ 1.12 $ 1.02