XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Net Sales $ 326,701 $ 306,239 $ 874,615 $ 837,550
Cost of goods sold [1] 225,352 211,764 617,155 592,518
Gross Profit 101,349 94,475 257,460 245,032
Operating expenses        
Marketing [2] 26,398 25,589 69,792 69,672
Distribution [3] 24,447 24,325 70,521 67,901
Administrative [4] 10,668 9,654 29,909 28,014
Other general expense (income) 794 38 1,343 (193)
Total operating expenses 62,307 59,606 171,565 165,394
Operating Income 39,042 34,869 85,895 79,638
Other income (expense)        
Investment income 1,953 1,705 5,775 4,687
Interest expense & other 1,972 (209) 1,920 267
Earnings before income taxes 42,967 36,365 93,590 84,592
Income taxes 12,095 10,236 24,838 4,381
NET EARNINGS $ 30,872 $ 26,129 $ 68,752 $ 80,211
Earnings per diluted share (in dollars per share) $ 1.63 $ 1.39 $ 3.64 $ 4.27
Weighted average number of diluted shares (in shares) 18,947 18,822 18,912 18,801
Earnings per basic share (in dollars per share) $ 1.64 $ 1.40 $ 3.66 $ 4.29
Weighted average number of basic shares (in shares) 18,823 18,698 18,794 18,683
[1] Includes share-based compensation expense of $271 and $735 for the three months and nine months ended June 29, 2019, respectively and $225 and $642 for the three months and nine months ended June 30, 2018.
[2] Includes share-based compensation expense of $391 and $1,061 for the three months and nine months ended June 29, 2019, respectively and $349 and $998 for the three months and nine months ended June 30, 2018.
[3] Includes share-based compensation expense of $24 and $65 for the three months and nine months ended June 29, 2019, respectively and $20 and $56 for the three months and nine months ended June 30, 2018.
[4] Includes share-based compensation expense of $435 and $1,191 for the three months and nine months ended June 29, 2019, respectively and $412 and $1,178 for the three months and nine months ended June 30, 2018.