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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 23, 2012
Jun. 25, 2011
Jun. 23, 2012
Jun. 25, 2011
Net Sales $ 226,335 $ 206,328 $ 588,575 $ 524,691
Cost of goods sold(1) 153,828 [1] 138,787 [1] 415,675 [1] 362,027 [1]
Gross Profit 72,507 67,541 172,900 162,664
Operating expenses        
Marketing (2) 19,892 [2] 18,462 [2] 54,955 [2] 51,404 [2]
Distribution (3) 16,034 [3] 15,133 [3] 44,465 [3] 40,805 [3]
Administrative (4) 6,873 [4] 6,355 [4] 19,158 [4] 17,890 [4]
Other general (income) expense (183) 530 (305) 577
42,616 40,480 118,273 110,676
Operating Income 29,891 27,061 54,627 51,988
Gain on bargain purchase of a business   6,580   6,580
Investment income 397 251 1,132 694
Interest expense & other 11 (34) (32) (106)
Earnings before income taxes 30,299 33,858 55,727 59,156
Income taxes 11,627 10,532 21,147 20,077
NET EARNINGS $ 18,672 $ 23,326 $ 34,580 $ 39,079
Earnings per diluted share (in Dollars per share) $ 0.99 $ 1.24 $ 1.83 $ 2.08
Weighted average number of diluted shares (in Shares) 18,947 18,829 18,917 18,766
Earnings per basic share (in Dollars per share) $ 0.99 $ 1.25 $ 1.83 $ 2.10
Weighted average number of basic shares (in Shares) 18,886 18,700 18,850 18,639
[1] Includes share-based compensation expense of $75 and $198 for the three months and nine months ended June 23,2012, respectively and $31 and $112 for the three and nine months ended June 25, 2011, respectively.
[2] Includes share-based compensation expense of $113 and $297 for the three months and nine months ended June 23,2012, respectively and $67 and $246 for the three and nine months ended June 25, 2011, respectively.
[3] Includes share-based compensation expense of $8 and $20 for the three months and nine months ended June 23,2012, respectively and $3 and $13 for the three and nine months ended June 25, 2011, respectively.
[4] Includes share-based compensation expense of $154 and $404 for the three months and nine months ended June 23,2012, respectively and $60 and $301 for the three and nine months ended June 25, 2011, respectively.