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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jun. 25, 2011
Jun. 26, 2010
Jun. 25, 2011
Jun. 26, 2010
Net Sales $ 206,328 $ 189,729 $ 524,691 $ 496,192
Cost of goods sold(1) 138,787 [1] 124,698 [1] 362,027 [1] 335,345 [1]
Gross Profit 67,541 65,031 162,664 160,847
Marketing (2) 18,462 [2] 19,341 [2] 51,404 [2] 52,228 [2]
Distribution (3) 15,133 [3] 13,434 [3] 40,805 [3] 38,422 [3]
Administrative (4) 6,355 [4] 6,139 [4] 17,890 [4] 17,765 [4]
Other general expense 530 55 577 59
[OperatingExpenses] 40,480 38,969 110,676 108,474
Operating Income 27,061 26,062 51,988 52,373
Gain on bargain purchase of a business 6,580   6,580  
Investment income 251 282 694 876
Interest expense & other (34) (46) (106) (159)
Earnings before income taxes 33,858 26,298 59,156 53,090
Income taxes 10,532 10,437 20,077 21,138
NET EARNINGS $ 23,326 $ 15,861 $ 39,079 $ 31,952
Earnings per diluted share (in Dollars per share) $ 1.24 $ 0.85 $ 2.08 $ 1.71
Weighted average number of diluted shares (in Shares) 18,829 18,731 18,766 18,705
Earnings per basic share (in Dollars per share) $ 1.25 $ 0.86 $ 2.10 $ 1.73
Weighted average number of basic shares (in Shares) 18,700 18,529 18,639 18,516
[1] Includes share-based compensation expense of $31 and $112 for the three and nine months ended June 25, 2011, respectively and $44 and $143 for the three and nine months ended June 26, 2010, respectively.
[2] Includes share-based compensation expense of $67 and $246 for the three and nine months ended June 25, 2011, respectively and $109 and $361 for the three and nine months ended June 26, 2010, respectively.
[3] Includes share-based compensation expense and $3 and $13 for the three and nine months ended June 25, 2011, respectively and $5 and $17 for the three and nine months ended June 26, 2010, respectively.
[4] Includes share-based compensation expense of $60 and $301 for the three and nine months ended June 25, 2011, respectively and $145 and $460 for the three and nine months ended June 26, 2010, respectively.