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Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 29, 2013
Jun. 23, 2012
Jun. 29, 2013
Jun. 23, 2012
Net Sales $ 237,036 $ 226,335 $ 629,770 $ 588,575
Cost of goods sold(1) 161,714 [1] 153,828 [1] 442,162 [1] 415,675
Gross Profit 75,322 72,507 187,608 172,900
Operating expenses        
Marketing (2) 19,554 [2] 19,892 [2] 53,499 [2] 54,955
Distribution (3) 16,750 [3] 16,034 [3] 47,863 [3] 44,465
Administrative (4) 7,063 [4] 6,873 [4] 20,122 [4] 19,158
Other general income (429) (183) (480) (305)
42,938 42,616 121,004 118,273
Operating Income 32,384 29,891 66,604 54,627
Investment income 904 397 2,576 1,132
Interest expense & other (29) 11 (82) (32)
Earnings before income taxes 33,259 30,299 69,098 55,727
Income taxes 12,087 11,627 25,040 21,147
NET EARNINGS $ 21,172 $ 18,672 $ 44,058 $ 34,580
Earnings per diluted share (in Dollars per share) $ 1.12 $ 0.99 $ 2.33 $ 1.83
Weighted average number of diluted shares (in Shares) 18,913 18,947 18,890 18,917
Earnings per basic share (in Dollars per share) $ 1.13 $ 0.99 $ 2.34 $ 1.83
Weighted average number of basic shares (in Shares) 18,807 18,886 18,804 18,850
[1] Includes share-based compensation expense of $134 and $361 for the three months and nine months ended June 29, 2013, respectively and $75 and $198 for the three months and nine months ended June 23, 2012.
[2] Includes share-based compensation expense of $186 and $496 for the three months and nine months ended June 29, 2013, respectively and $113 and $297 for the three months and nine months ended June 23, 2012.
[3] Includes share-based compensation expense of $8 and $23 for the three months and nine months ended June 29, 2013, respectively and $8 and $20 for the three months and nine months ended June 23, 2012.
[4] Includes share-based compensation expense of $214 and $578 for the three months and nine months ended June 29, 2013, respectively and $154 and $404 for the three months and nine months ended June 23, 2012.