XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 4,921,943 $ 4,489,927 $ 4,448,875
Cost of goods sold 4,054,544 3,776,183 3,759,112
Gross profit 867,399 713,744 689,763
Selling, general and administrative expenses 377,676 315,703 308,376
Rationalization charges 16,031 56,351 6,253
Other pension and postretirement income (38,694) (17,796) (36,966)
Income before interest and income taxes 512,386 359,486 412,100
Interest and other debt expense before loss on early extinguishment of debt 103,827 105,674 116,306
Loss on early extinguishment of debt 1,481 1,676 2,493
Interest and other debt expense 105,308 107,350 118,799
Income before income taxes 407,078 252,136 293,301
Provision for income taxes 98,356 58,322 69,307
Net income $ 308,722 $ 193,814 $ 223,994
Basic net income per share (in dollars per share) $ 2.79 $ 1.75 $ 2.03
Diluted net income per share (in dollars per share) $ 2.77 $ 1.74 $ 2.01