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New Accounting Standards (Tables)
3 Months Ended
Dec. 31, 2018
New Accounting Standards  
Schedule of Impact of Retrospectively Applying New Accounting Standards to Condensed Consolidated Statement of Earnings



 

 

 

 

 

 

 

 

 



 

Three-Months Ended December 31, 2017



 

As previously reported

 

Adjustment

 

As recast

Net sales

 

$

470,148 

 

$

 -

 

$

470,148 

Costs and expenses:

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

 

346,784 

 

 

843 

 

 

347,627 

Selling, general, and administrative expenses

 

 

46,276 

 

 

183 

 

 

46,459 

Research and development costs

 

 

34,786 

 

 

 -

 

 

34,786 

Interest expense

 

 

6,750 

 

 

2,122 

 

 

8,872 

Interest income

 

 

(363)

 

 

 -

 

 

(363)

Other expense (income), net

 

 

(1,572)

 

 

(3,148)

 

 

(4,720)

Total costs and expenses

 

 

432,661 

 

 

 -

 

 

432,661 

Earnings before income taxes

 

 

37,487 

 

 

 -

 

 

37,487 

Income tax expense

 

 

19,227 

 

 

 -

 

 

19,227 

Net earnings

 

$

18,260 

 

$

 -

 

$

18,260