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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 262,476 $ 230,974 $ 745,345 $ 660,470
Cost of sales 142,591 117,499 401,779 342,985
Gross profit 119,885 113,475 343,566 317,485
Operating expenses:        
Research and development and other engineering 8,679 10,932 35,051 33,807
Selling 28,156 24,304 86,150 74,313
General and administrative 36,501 32,543 108,049 96,786
Net gain on disposal of assets (147) (81) (147) (763)
Total operating expenses 73,189 67,698 229,103 204,143
Income from operations 46,696 45,777 114,463 113,342
Loss in equity method investment, before tax (13) 0 (53) 0
Interest expense, net (296) (82) (685) (400)
Gain (adjustment) on bargain purchase of a business (2,052) 0 6,336 0
Gain on disposal of a business 443 0 443 0
Income before taxes 44,778 45,695 120,504 112,942
Provision for income taxes 16,581 15,898 40,972 40,601
Net income $ 28,197 $ 29,797 $ 79,532 $ 72,341
Earnings per common share:        
Basic (in dollars per share) $ 0.60 $ 0.62 $ 1.67 $ 1.50
Diluted (in dollars per share) $ 0.59 $ 0.62 $ 1.66 $ 1.49
Number of shares outstanding        
Basic (in shares) 47,367 48,119 47,544 48,231
Diluted (in shares) 47,686 48,352 47,843 48,429
Cash dividends declared per common share (in dollars per share) $ 0.42 $ 0.18 $ 0.81 $ 0.52