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Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Income Statement [Abstract] |  |  |  |
Net sales | $ 898,500 | $ 811,311 | $ 2,617,283 | $ 2,455,015
Cost of sales | 640,569 | 576,308 | 1,854,408 | 1,745,283
Gross profit | 257,931 | 235,003 | 762,875 | 709,732
Selling and administrative expenses | 153,391 | 142,666 | 447,427 | 421,812
Operating income | 104,540 | 92,337 | 315,448 | 287,920
Interest and other non-operating expenses, net | 5,498 | 4,931 | 18,538 | 14,449
Income before income taxes and equity earnings | 99,042 | 87,406 | 296,910 | 273,471
Provision for income taxes | 19,593 | 18,206 | 53,569 | 55,989
Equity earnings in unconsolidated investments, net | 76 | 61 | 210 | 167
Net income | $ 79,525 | $ 69,261 | $ 243,551 | $ 217,649
Earnings per share: |  |  |  |
Basic (in dollars per share) | $ 1.99 | $ 1.71 | $ 6.13 | $ 5.39
Diluted (in dollars per share) | $ 1.95 | $ 1.66 | $ 5.97 | $ 5.20
Weighted average shares outstanding: [Abstract] |  |  |  |
Basic (in shares) | 39,933 | 40,422 | 39,750 | 40,416
Diluted (in shares) | 40,865 | 41,797 | 40,811 | 41,831
Cash dividends declared per common share | $ 0.55 | $ 0.45 | $ 1.55 | $ 1.27

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