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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. 30, 2013
Mar. 31, 2012
Mar. 30, 2013
Mar. 31, 2012
Net sales $ 919,825 $ 778,017 $ 2,572,594 $ 2,341,482
Cost of sales 588,464 498,744 1,648,799 1,539,755
Gross profit 331,361 279,273 923,795 801,727
Operating expenses        
Distribution 12,569 10,181 35,035 29,540
Research and development 28,526 27,950 84,244 78,736
Selling and administration 111,660 87,991 305,480 278,080
Restructuring 0 7,081 0 7,081
Total operating expenses 152,755 133,203 424,759 393,437
Operating income 178,606 146,070 499,036 408,290
Interest, net 16,070 16,651 47,237 44,862
Other expense (income), net 841 (5,202) 855 (4,221)
Losses on sales of investments 1,608 0 4,657 0
Income before income taxes 160,087 134,621 446,287 367,649
Income tax expense 48,163 18,894 122,828 81,725
Net income $ 111,924 $ 115,727 $ 323,459 $ 285,924
Earnings per share        
Basic earnings per share $ 1.19 $ 1.24 $ 3.45 $ 3.07
Diluted earnings per share $ 1.18 $ 1.23 $ 3.42 $ 3.04
Weighted average shares outstanding        
Basic 93,989 93,330 93,833 93,152
Diluted 94,519 94,124 94,443 94,028
Dividends declared per share $ 0.09 $ 0.08 $ 0.26 $ 0.23