v3.3.1.900

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Income Statement [Abstract] |  |  |  |
Net sales | [1] | $ 3,967,053 | $ 4,624,476 | $ 4,207,209
Cost of sales |  | 2,715,279 | 3,145,631 | 2,900,987
Gross profit |  | 1,251,774 | 1,478,845 | 1,306,222
Selling, general and administrative expense |  | 905,952 | 1,011,171 | 864,328
Restructuring and other related charges | [2] | 61,177 | 58,121 | 35,502
Operating income |  | 284,645 | 409,553 | 406,392
Interest expense | [2] | 47,743 | 51,305 | 103,597
Income before income taxes | [2] | 236,902 | 358,248 | 302,795
Provision for (benefit from) income taxes |  | 49,724 | (62,025) | 93,652
Net income |  | 187,178 | 420,273 | 209,143
Less: income attributable to noncontrolling interest, net of taxes |  | 19,439 | 28,175 | 30,515
Net income attributable to Colfax Corporation |  | 167,739 | 392,098 | 178,628
Dividends on preferred stock |  | 0 | 2,348 | 20,396
Preferred stock conversion inducement payment |  | 0 | 19,565 | 0
Net income available to Colfax Corporation common shareholders |  | $ 167,739 | $ 370,185 | $ 158,232
Net income per share- basic |  | $ 1.35 | $ 3.06 | $ 1.56
Net income per share- diluted |  | $ 1.34 | $ 3.02 | $ 1.54
[1] | The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
[2] | The following is a reconciliation of Income before income taxes to segment operating income:

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