Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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Revenues: | ||||
Products | $ 198,827 | $ 187,437 | $ 560,742 | $ 536,781 |
Services | 42,923 | 37,287 | 115,396 | 103,129 |
Total revenues | 241,750 | 224,724 | 676,138 | 639,910 |
Cost and expenses: | ||||
Products | 113,642 | 113,184 | 309,181 | 323,169 |
Services | 21,608 | 18,947 | 61,849 | 58,493 |
Total cost of sales | 135,250 | 132,131 | 371,030 | 381,662 |
Selling, general and administrative | 20,845 | 29,830 | 70,300 | 68,732 |
Engineering and product development | 12,663 | 10,778 | 34,295 | 29,139 |
Total costs and expenses | 168,758 | 172,739 | 475,625 | 479,533 |
Operating income | 72,992 | 51,985 | 200,513 | 160,377 |
Interest income | 206 | 203 | 555 | 486 |
Interest expense | (3) | (4) | (15) | (24) |
Income before income taxes | 73,195 | 52,184 | 201,053 | 160,839 |
Income tax provision | 17,512 | 12,189 | 51,428 | 38,075 |
Net income | $ 55,683 | $ 39,995 | $ 149,625 | $ 122,764 |
Earnings per common share: | ||||
Basic | $ 1.41 | $ 0.98 | $ 3.72 | $ 3.02 |
Diluted | $ 1.40 | $ 0.98 | $ 3.70 | $ 3.01 |
Weighted average common shares outstanding: | ||||
Basic | 39,630 | 40,683 | 40,208 | 40,617 |
Diluted | 39,880 | 40,911 | 40,444 | 40,821 |
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Engineering and product development. No definition available.
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Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of interest income earned from interest bearing assets not separately disclosed. No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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