Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 580,084	$ 553,662	$ 1,712,093	$ 1,640,464
Cost of sales	297,167	309,139	888,835	899,828
Gross profit	282,917	244,523	823,258	740,636
Operating expenses:
Research and development and other engineering	24,751	17,084	67,035	49,892
Selling	52,391	42,539	151,497	124,449
General and administrative	64,793	60,319	197,267	172,511
Total operating expenses	141,935	119,942	415,799	346,852
Acquisition and integration related costs	785	1,866	4,086	14,681
Net gain on disposal of assets	(16)	(100)	(223)	(1,227)
Income from operations	140,213	122,815	403,596	380,330
Interest income (expense), net and other finance costs	1,292	(2,983)	18	(6,568)
Other & foreign exchange loss, net	(1,429)	(1,707)	(1,471)	(3,814)
Income before taxes	140,076	118,125	402,143	369,948
Provision for income taxes	36,055	29,882	102,958	93,559
Net income	104,021	88,243	299,185	276,389
Other comprehensive income
Translation adjustment	(13,238)	(26,476)	(8,729)	(54,345)
Unamortized pension adjustments	(4)	459	396	1,147
Cash flow hedge adjustment, net of tax	1,087	26,823	(8,876)	35,416
Comprehensive net income	$ 91,866	$ 89,049	$ 281,976	$ 258,607
Net income per common share:
Basic	$ 2.44	$ 2.06	$ 7.01	$ 6.42
Diluted	$ 2.43	$ 2.06	$ 6.98	$ 6.40
Weighted average number of shares outstanding
Basic	42,673	42,813	42,651	43,044
Diluted	42,882	42,916	42,893	43,173
Cash dividends declared per common share	$ 0.27	$ 0.26	$ 0.80	$ 0.77

Other & foreign exchange loss, net

No definition available.

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use; (3) to conduct internal product testing; (4) or to provide engineering support to customers in the form of testing services or product uses, specifications or requirements.

+ References

No definition available.