XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 25, 2017
Mar. 26, 2016
Mar. 25, 2017
Mar. 26, 2016
Net Sales $ 246,513 $ 229,710 $ 472,083 $ 452,560
Cost of goods sold(1) [1] 173,696 160,961 333,371 319,976
Gross Profit 72,817 68,749 138,712 132,584
Operating expenses        
Marketing (2) [2] 21,529 20,364 41,864 39,993
Distribution (3) [3] 18,508 17,522 36,672 35,778
Administrative (4) [4] 8,718 7,637 16,816 15,327
Other general income (49) (53) (78) (153)
Total Operating Expenses 48,706 45,470 95,274 90,945
Operating Income 24,111 23,279 43,438 41,639
Other income (expense)        
Investment income 1,175 977 2,402 2,137
Interest expense & other (545) (31) (571) (63)
Earnings before income taxes 24,741 24,225 45,269 43,713
Income taxes 8,754 8,637 15,742 15,147
NET EARNINGS $ 15,987 $ 15,588 $ 29,527 $ 28,566
Earnings per diluted share (in dollars per share) $ 0.85 $ 0.83 $ 1.57 $ 1.52
Weighted average number of diluted shares (in shares) 18,821 18,752 18,804 18,796
Earnings per basic share (in dollars per share) $ 0.85 $ 0.84 $ 1.58 $ 1.53
Weighted average number of basic shares (in shares) 18,711 18,637 18,698 18,662
[1] Includes shahre'based compensation expense of $155 and $337 for the three months and six months ended March 25, 2017, respectively and $138 and $271 for the three months and six months ended March 26, 2016.
[2] Includes share-based compensation expense of $224 and $486 for the three months and six months ended March 25, 2017, respectively and $208 and $409 for the three months and six months ended March 26 2016.
[3] Includes share-based compensation expense of $15 and $33 for the three months and six months ended March 25, 2017, respectively and $11 and $22 for the three months and six months ended March 26, 2016.
[4] Includes share-based compensation expense of $288 and $573 for the three months and six months ended March 25, 2017, respectively and $180 and $353 for the three months and six months ended March 26, 2016.