XML 36 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales        
Product sales $ 427,732 $ 457,026 $ 1,313,290 $ 1,351,126
Service sales 97,803 101,357 303,638 319,414
Total net sales 525,535 558,383 1,616,928 1,670,540
Cost of sales        
Cost of product sales 284,007 301,592 864,701 890,051
Cost of service sales 56,034 63,460 193,286 204,313
Total cost of sales 340,041 365,052 1,057,987 1,094,364
Gross profit 185,494 193,331 558,941 576,176
Research and development expenses (15,050) (16,909) (45,633) (51,150)
Selling expenses (30,247) (30,610) (90,440) (95,340)
General and administrative expenses (76,384) (71,563) (220,778) (222,244)
Operating income 63,813 74,249 202,090 207,442
Interest expense (8,972) (9,013) (26,953) (27,054)
Other income, net 161 (159) 605 (70)
Earnings from continuing operations before income taxes 55,002 65,077 175,742 180,318
Provision for income taxes (16,860) (20,699) (54,256) (56,501)
Earnings from continuing operations 38,142 44,378 121,486 123,817
Discontinued operations, net of taxes        
Loss from discontinued operations, net of taxes (4,258) (19,345) (45,874) (27,229)
Net earnings $ 33,884 $ 25,033 $ 75,612 $ 96,588
Basic earnings per share        
Earnings from continuing operations (usd per share) $ 0.82 $ 0.92 $ 2.58 $ 2.58
Earnings from discontinued operations (usd per share) (0.09) (0.40) (0.97) (0.57)
Total, Basic earnings per share (usd per share) 0.73 0.52 1.61 2.01
Diluted earnings per share        
Earnings from continuing operations (usd per share) 0.80 0.90 2.53 2.52
Earnings from discontinued operations (usd per share) (0.09) (0.39) (0.96) (0.55)
Total, Diluted earnings per share (usd per share) 0.71 0.51 1.57 1.97
Dividends per share $ 0.13 $ 0.13 $ 0.39 $ 0.39
Weighted average shares outstanding:        
Basic (shares) 46,366 48,067 47,082 48,054
Diluted (shares) 47,395 49,101 48,106 49,136