XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue from Contracts with Customers - Impact on Consolidated Income Statement and Consolidated Balance Sheet (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jan. 01, 2018
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Assets:            
Contract assets $ 19,125 $ 26,598   $ 26,598   $ 0
Inventories 65,155 78,901   78,901   80,339
Liabilities:            
Accounts payable 72,594 74,186   74,186   71,931
Other accrued liabilities 12,899 15,255   15,255   11,690
Deferred tax liabilities 15,185 16,257   16,257   14,714
Stockholders' equity:            
Retained earnings 376,381 397,885   397,885   374,783
Income Statement            
Net sales   186,413 $ 174,879 378,073 $ 340,366  
Cost of sales   150,286 131,552 302,439 256,541  
Gross profit   36,127 43,327 75,634 83,825  
Selling, product development and administrative expenses   23,878 23,290 49,349 48,640  
Operating income   12,249 20,037 26,285 35,185  
Interest expense   572 795 1,112 1,401  
Other income, net   (368) 792 (53) 1,125  
Income before income taxes   12,045 18,450 25,226 32,659  
Income tax expense   1,655 5,303 3,778 7,797  
Income from equity method investment   (60) 22 (56) 68  
Net income   $ 10,450 $ 13,125 $ 21,504 $ 24,794  
Earnings per share:            
Basic (USD per share)   $ 0.61 $ 0.77 $ 1.25 $ 1.46  
Diluted (USD per share)   $ 0.60 $ 0.76 $ 1.24 $ 1.44  
Weighted average number of common shares outstanding:            
Basic average common shares outstanding   17,196 17,044 17,178 17,014  
Diluted average common shares outstanding   17,335 17,262 17,334 17,272  
Calculated under Revenue Guidance in Effect before Topic 606            
Assets:            
Contract assets   $ 0   $ 0   0
Inventories   100,892   100,892   80,339
Liabilities:            
Accounts payable   71,295   71,295   71,931
Other accrued liabilities   15,966   15,966   11,690
Deferred tax liabilities   15,729   15,729   14,714
Stockholders' equity:            
Retained earnings   395,986   395,986   $ 374,783
Income Statement            
Net sales   184,806   370,211    
Cost of sales   148,745   294,935    
Gross profit   36,061   75,276    
Selling, product development and administrative expenses   23,878   49,349    
Operating income   12,183   25,927    
Interest expense   572   1,112    
Other income, net   (368)   (53)    
Income before income taxes   11,979   24,868    
Income tax expense   1,654   3,721    
Income from equity method investment   (60)   (56)    
Net income   $ 10,385   $ 21,203    
Earnings per share:            
Basic (USD per share)   $ 0.60   $ 1.23    
Diluted (USD per share)   $ 0.60   $ 1.22    
Weighted average number of common shares outstanding:            
Basic average common shares outstanding   17,196   17,178    
Diluted average common shares outstanding   17,335   17,334    
Accounting Standards Update 2014-09            
Assets:            
Contract assets 7,473          
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606            
Assets:            
Contract assets 19,125 $ 26,598   $ 26,598    
Inventories (15,184) (21,991)   (21,991)    
Liabilities:            
Accounts payable 663 2,891   2,891    
Other accrued liabilities 1,209 (711)   (711)    
Deferred tax liabilities 471 528   528    
Stockholders' equity:            
Retained earnings 1,598 1,899   1,899    
Income Statement            
Net sales $ 19,600 1,607   7,862    
Cost of sales   1,541   7,504    
Gross profit   66   358    
Selling, product development and administrative expenses   0   0    
Operating income   66   358    
Interest expense   0   0    
Other income, net   0   0    
Income before income taxes   66   358    
Income tax expense   1   57    
Income from equity method investment   0   0    
Net income   $ 65   $ 301    
Earnings per share:            
Basic (USD per share)   $ 0.01   $ 0.02    
Diluted (USD per share)   $ 0.00   $ 0.02    
Weighted average number of common shares outstanding:            
Basic average common shares outstanding   0   0    
Diluted average common shares outstanding   0   0