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Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Net sales | $ 500,051 | $ 471,197
Cost of goods sold | 230,064 | 207,168
Gross profit | 269,987 | 264,029
Selling, general and administrative expense | 194,940 | 189,716
Research and Development Expense | 49,488 | 48,586
Segment profit (loss) | 25,559 | 25,727
Interest expense | 5,041 | 5,580
Foreign exchange losses, net | 1,789 | 1,129
Other (income) expense, net | (1,418) | (1,177)
Income before income taxes | 20,147 | 20,195
Provision for income taxes | (7,734) | (7,919)
Net income including noncontrolling interests | 12,413 | 12,276
Net income attributable to Bio-Rad | $ 12,413 | $ 12,276
Basic earnings per share: |  |
Net income per share basic attributable to Bio-Rad | $ 0.42 | $ 0.42
Weighted average common shares - basic | 29,580 | 29,364
Diluted earnings per share: |  |
Net income per share diluted attributable to Bio-Rad | $ 0.41 | $ 0.42
Weighted average common shares - diluted | 29,911 | 29,506

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