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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net Revenues:      
Net revenues $ 2,075,108 $ 1,915,977 $ 1,295,342
Cost of revenues      
Cost of revenues 1,095,632 1,024,526 729,723
Gross profit 979,476 891,451 565,619
Research and development 135,720 132,555 110,579
Selling, general and administrative 298,118 290,056 227,932
Acquisition and integration costs 3,113 5,332 27,279
Restructuring 3,567 3,920 642
Environmental costs 1,000    
Asset impairment   6,719 5,000
Fees and expenses related to repricing of term loan 378 492 1,239
Amortization of intangible assets 43,521 45,743 35,681
Income from operations 494,059 406,634 157,267
Interest income 5,775 3,021 2,560
Interest expense 16,942 30,990 30,611
Gain on sale of business   74,856  
Other expense, net 1,942 5,896 1,239
Income before income taxes 480,950 447,625 127,977
Provision for income taxes 88,054 108,493 23,168
Net income 392,896 339,132 104,809
Other comprehensive income:      
Changes in value of financial instruments designated as cash flow hedges, net of tax expense (benefit) [1] 4,942 (4,568) 3,380
Foreign currency translation adjustments, net of tax of $0 for 2018, 2017 and 2016 (14,161) 37,172 (22,713)
Unrecognized pension gain (loss), net of tax benefit [2] 149 323 (266)
Unrealized (loss) gain on investments, net of tax (benefit) expense [3] (37) 1,072 223
Total comprehensive income $ 383,789 $ 373,131 $ 85,433
Net income per share:      
Basic $ 7.22 $ 6.26 $ 1.96
Diluted 7.14 6.16 1.94
Cash dividends paid per common share $ 0.78 $ 0.71 $ 0.68
Weighted average common shares outstanding:      
Basic 54,406 54,137 53,472
Diluted 54,992 55,074 54,051
Products [Member]      
Net Revenues:      
Net revenues $ 1,835,202 $ 1,701,301 $ 1,118,579
Cost of revenues      
Cost of revenues 969,288 906,369 630,208
Services [Member]      
Net Revenues:      
Net revenues 239,906 214,676 176,763
Cost of revenues      
Cost of revenues $ 126,344 $ 118,157 $ 99,515
[1] Tax expense (benefit) was $1,347, $(1,468), and $2,535 for the years ended December 31, 2018, 2017 and 2016, respectively.
[2] Tax expense (benefit) was $86, $(88) and $(199) for the years ended December 31, 2018, 2017 and 2016, respectively.
[3] Tax expense (benefit) was $2, $(769), and $167 for the years ended December 31, 2018, 2017 and 2016, respectively.