XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Gross sales $ 525,936 $ 491,538 $ 433,856
Commissions, allowances and rebates 1,995 2,369 1,949
Net sales 523,941 489,169 431,907
Other revenue, net 10,515 1,475 1,419
Net revenues 534,456 490,644 433,326
Cost of goods sold 304,369 286,419 256,361
Gross profit 230,087 204,225 176,965
Selling, general and administrative expenses 70,468 60,422 57,867
Research and development expenses 16,901 14,292 12,540
Restructuring expenses 1,158 15,573
Operating expenses 87,369 75,872 85,980
Operating profit 142,718 128,353 90,985
Other expenses/(income)      
Interest expense, net 1,253 717 1,699
Other (income)/expense, net (360) 97 (279)
Income before income taxes 141,825 127,539 89,565
Provision for income taxes 38,061 40,214 32,389
Income from continuing operations 103,764 87,325 57,176
(Loss)/income from discontinued operations, net of tax (1,314) (5,647) 41
Net income $ 102,450 $ 81,678 $ 57,217
Basic earnings per share      
Income from continuing operations (in dollars per share) $ 3.18 $ 2.72 $ 1.82
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.04) (0.17) 0
Net income (in dollars per share) 3.14 2.55 1.82
Diluted earnings per share      
Income from continuing operations (in dollars per share) 3.10 2.65 1.76
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.04) (0.17) 0
Net income (in dollars per share) $ 3.06 $ 2.48 $ 1.76
Weighted average shares outstanding:      
Basic weighted average shares outstanding (in shares) 32,662 32,086 31,420
Effect of dilutive stock based compensation (in shares) 824 883 1,135
Diluted weighted average shares outstanding (in shares) 33,486 32,969 32,555