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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 26, 2011
Mar. 31, 2012
Mar. 26, 2011
Net sales $ 778,017 $ 691,563 $ 2,341,482 $ 2,050,400
Cost of sales 498,744 452,429 1,539,755 1,347,808
Gross profit 279,273 239,134 801,727 702,592
Operating expenses        
Distribution 10,181 8,525 29,540 25,722
Research and development 27,950 23,511 78,736 65,842
Selling and administration 87,991 84,185 278,080 244,109
Restructuring 7,081 0 7,081 0
Total operating expenses 133,203 116,221 393,437 335,673
Operating income 146,070 122,913 408,290 366,919
Interest, net 16,651 10,915 44,862 31,718
Other expense (income), net (5,202) (753) (4,221) (1,945)
Income from continuing operations before income taxes 134,621 112,751 367,649 337,146
Income tax expense 18,894 21,220 81,725 82,158
Income from continuing operations 115,727 91,531 285,924 254,988
Income from discontinued operations, net of tax 0 (2,446) 0 (1,361)
Net income $ 115,727 $ 89,085 $ 285,924 $ 253,627
Basic        
Continuing operations $ 1.24 [1] $ 0.99 [1] $ 3.07 $ 2.77
Discontinued operations $ 0.00 [1] $ (0.03) [1] $ 0.00 $ (0.01)
Basic earnings per share $ 1.24 [1] $ 0.96 [1] $ 3.07 $ 2.75
Diluted        
Continuing operations $ 1.23 [1] $ 0.98 [1] $ 3.04 $ 2.73
Discontinued operations $ 0.00 [1] $ (0.03) [1] $ 0.00 $ (0.01)
Diluted earnings per share $ 1.23 [1] $ 0.95 [1] $ 3.04 $ 2.72
Weighted average shares outstanding        
Basic 93,330 92,459 93,152 92,175
Diluted 94,124 93,549 94,028 93,371
Dividends declared per share $ 0.0800 $ 0.0700 $ 0.2300 $ 0.2025
[1] The sum of individual per share amounts may not equal due to rounding.