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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONSOLIDATED STATEMENTS OF INCOME    
Net sales (Note 2) $ 981,197 $ 1,039,343
Cost of goods sold 612,798 683,986
Gross profit 368,399 355,357
Selling, general & administrative expenses 198,747 190,116
Rationalization and asset impairment charges (Note 6) 4,605 877
Operating income 165,047 164,364
Interest expense, net 8,779 13,201
Other income 2,262 4,181
Income before income taxes 158,530 155,344
Income taxes (Note 11) 35,115 33,413
Net income $ 123,415 $ 121,931
Basic earnings per share (Note 3) $ 2.17 $ 2.12
Diluted earnings per share (Note 3) 2.14 2.09
Cash dividends declared per share $ 0.71 $ 0.64