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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 26, 2016
Mar. 28, 2015
Mar. 26, 2016
Mar. 28, 2015
Net Sales $ 229,710 $ 225,008 $ 452,560 $ 437,760
Cost of goods sold(1) [1] 160,961 158,058 319,976 309,709
Gross Profit 68,749 66,950 132,584 128,051
Operating expenses        
Marketing (2) [2] 20,364 19,986 39,993 39,473
Distribution (3) [3] 17,522 17,633 35,778 35,154
Administrative (4) [4] 7,637 7,462 15,327 14,987
Other general expense (53) 64 (153) 22
Total Operating Expenses 45,470 45,145 90,945 89,636
Operating Income 23,279 21,805 41,639 38,415
Other income (expense)        
Investment income 977 1,278 2,137 2,632
Interest expense & other (31) (30) (63) (54)
Earnings before income taxes 24,225 23,053 43,713 40,993
Income taxes 8,637 8,416 15,147 15,100
NET EARNINGS $ 15,588 $ 14,637 $ 28,566 $ 25,893
Earnings per diluted share (in dollars per share) $ 0.83 $ 0.78 $ 1.52 $ 1.38
Weighted average number of diluted shares (in shares) 18,752 18,821 18,796 18,811
Earnings per basic share (in dollars per share) $ 0.84 $ 0.78 $ 1.53 $ 1.39
Weighted average number of basic shares (in shares) 18,637 18,689 18,662 18,679
[1] Includes share-based compensation expense of $138 and $271 for the three months and six months ended March 26, 2016, respectively and $108 and $220 for the three months and six months ended March 28, 2015.
[2] Includes share-based compensation expense of $208 and $409 for the three months and six months ended March 26,2016, respectively and $158 and $330 for the three months and six months ended March 28 2015.
[3] Includes share-based compensation expense of $11 and $22 for the three months and six months ended March 26, 2016, respectively and $10 and $21 for the three months and six months ended March 28, 2015.
[4] Includes share-based compensation expense of $180 and $353 for the three months and six months ended March 26, 2016, respectively and $209 and $438 for the three months and six months ended March 28, 2015.