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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales:        
Total net sales $ 2,266,286 $ 2,534,354 $ 6,939,829 $ 7,928,581
Costs of goods sold:        
Total costs of goods sold 1,857,416 2,135,096 5,706,454 6,712,573
Gross profit 408,870 399,258 1,233,375 1,216,008 Close
Operating expenses:         Close
Selling and administrative expenses 309,793 308,253 938,037 911,894 Close
Severance and restructuring expenses, net 2,923 720 2,955 2,784 Close
Acquisition and integration related expenses 4,292 6 4,449 1,646 CloseClose
Total Operating Expenses 317008.0 308979.0 945441.0 916324.0 0 Close
Earnings from operations 91,862 90,279 287,934 299,684 Close
Non-operating (income) expense:         Close
Interest expense, net 12,013 11,713 31,766 29,164 Close
Total Other Income Expenses 11810.0 13503.0 32255.0 28423.0 0.0 Close
Other (income) expense, net (203) 1,790 489 (741) CloseCloseClose
Earnings before income taxes 80,052 76,776 255,679 271,261 Close
Income tax expense 19,805 19,460 64,978 68,130 Close
Net earnings $ 60,247 $ 57,316 $ 190,701 $ 203,131 Close
Net earnings per share:        
Basic (in usd per share) $ 1.85 $ 1.64 $ 5.76 $ 5.80
Diluted (in usd per share) $ 1.62 $ 1.58 $ 5.13 $ 5.53
Shares used in per share calculations:        
Basic (in shares) 32,574 34,952 33,127 35,003
Diluted (in shares) 37,203 36,340 37,149 36,714
Products        
Net sales:        
Total net sales $ 1,890,154 $ 2,169,197 $ 5,803,408 $ 6,828,726
Costs of goods sold:        
Total costs of goods sold 1,697,543 1,956,679 5,219,720 6,199,783
Gross profit 192,611 212,518 583,688 628,943
Services        
Net sales:        
Total net sales 376,132 365,157 1,136,421 1,099,855
Costs of goods sold:        
Total costs of goods sold 159,873 178,417 486,734 512,790
Gross profit $ 216,259 $ 186,740 $ 649,687 $ 587,065