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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]      
Net sales [1],[2] $ 1,092,051 $ 1,116,143 [3],[4] $ 1,058,482 [3],[4]
Cost of sales 779,264 789,487 735,995
Gross profit 312,787 326,656 322,487
Selling, general and administrative expenses 231,336 224,237 220,936
Restructuring and integration expenses 4,510 6,173 3,957
Other income, net 4,327 1,275 1,195
Operating income 81,268 97,521 98,789
Other non-operating income (expense), net (411) 1,250 [5] 1,337 [5]
Interest expense 4,026 2,329 1,556
Earnings from continuing operations before taxes 76,831 96,442 98,570
Provision for income taxes 19,977 52,812 36,158
Earnings from continuing operations 56,854 43,630 62,412
Loss from discontinued operations, net of income tax benefit of $4,866, $3,769 and $1,322 (13,851) (5,654) (1,982)
Net earnings $ 43,003 $ 37,976 $ 60,430
Net earnings per common share - Basic:      
Earnings from continuing operations (in dollars per share) $ 2.53 $ 1.92 $ 2.75
Discontinued operations (in dollars per share) (0.62) (0.25) (0.09)
Net earnings per common share - Basic (in dollars per share) 1.91 1.67 2.66
Net earnings per common share - Diluted:      
Earnings from continuing operations (in dollars per share) 2.48 1.88 2.70
Discontinued operations (in dollars per share) (0.60) (0.24) (0.08)
Net earnings per common share - Diluted (in dollars per share) 1.88 1.64 2.62
Dividends declared per share (in dollars per share) $ 0.84 $ 0.76 $ 0.68
Average number of common shares (in shares) 22,456,480 22,726,491 22,722,517
Average number of common shares and dilutive common shares (in shares) 22,931,723 23,198,392 23,082,578
[1] Revenues are attributed to countries based upon the location of the customer.
[2] Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.
[3] Net sales and intersegment sales for 2017 and 2016 have not been restated and are reported under accounting standards in effect in the period presented, as we adopted ASU 2014-09, Revenue from Contracts with Customers, on January 1, 2018 using the modified retrospective method.
[4] Revenues for 2017 and 2016 have not been restated and are reported under accounting standards in effect in the period presented, as we adopted ASU 2014-09, Revenue from Contracts with Customers, on January 1, 2018 using the modified retrospective method.
[5] Net periodic benefit credit (cost) has been reclassified from selling, general and administrative expenses to other non-operating income (expense), net on our consolidated statement of operations upon adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, see Note 1, "Summary of Significant Accounting Policies" for additional information.