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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 410,281 $ 326,076 $ 757,922 $ 609,744
Cost of sales 213,835 176,276 399,195 330,278
Gross profit 196,446 149,800 358,727 279,466
Operating expenses:        
Research and development and other engineering 14,169 12,191 28,758 25,573
Selling 33,167 26,834 63,990 55,361
General and administrative 47,410 38,636 95,975 77,107
Total operating expenses 94,746 77,661 188,723 158,041
Net gain on disposal of assets (28) (73) (108) (137)
Income from operations 101,728 72,212 170,112 121,562
Interest expense, net and other (2,636) (151) (4,413) (2,684)
Income before taxes 99,092 72,061 165,699 118,878
Provision for income taxes 26,609 18,582 42,827 28,573
Net income 72,483 53,479 122,872 90,305
Translation adjustment 7,505 4,525 (1,759) (3,069)
Unamortized pension adjustments (102) (213) 390 61
Unrealized gains (losses) on derivative instruments (7) 0 19 0
Comprehensive net income $ 79,879 $ 57,791 $ 121,522 $ 87,297
Net income per common share:        
Basic $ 1.67 $ 1.23 $ 2.83 $ 2.06
Diluted $ 1.66 $ 1.22 $ 2.82 $ 2.05
Number of shares outstanding        
Basic 43,434,000 43,471,000 43,406,000 43,787,000
Diluted 43,641,000 43,663,000 43,620,000 43,980,000
Cash dividends declared per common share $ 0.25 $ 0.23 $ 0.48 $ 0.46