XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 1,267,945 $ 1,136,539 $ 1,078,809
Cost of Goods and Services Sold 691,561 644,409 598,522
Gross profit 576,384 492,130 480,287
Operating expenses:      
Research and development and other engineering 50,807 47,058 43,056
Selling 112,517 112,568 109,931
General and administrative 161,029 157,274 158,568
Total operating expenses 324,353 316,900 311,555
Net gain on disposal of assets (332) (6,024) (10,579)
Impairment of goodwill 0 0 6,686
Income from operations 252,363 181,254 172,625
Other Nonoperating Income (Expense) (2,012) (1,730) (634)
Foreign exchange gain (loss), net and other (787) (1,167) 137
Income before taxes 249,564 178,357 172,128
Provision for income taxes 62,564 44,375 45,495
Net income 187,000 133,982 126,633
Translation adjustment, net of tax 14,172 885 (12,911)
Unamortized pension adjustments, net of taxes (161) 1,064 (376)
Unrealized gains on derivative instruments 390 0 0
Comprehensive income $ 201,401 $ 133,803 $ 114,098
Earnings per share of common stock:      
Earnings Per Share, Basic $ 4.28 $ 3.00 $ 2.74
Earnings Per Share, Diluted $ 4.27 $ 2.98 $ 2.72
Weighted average number of shares of common stock outstanding      
Basic (in shares) 43,709 44,735 46,213
Diluted (in shares) 43,841 44,921 46,540