XML 44 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations for the years ended December 31, 2018 and 2017 are as follows:
 
2018 Quarters (1)
 
2017 Quarters (1)
 
First
 
Second
 
Third
 
Fourth 
 
First
 
Second
 
Third
 
Fourth
 
(In thousands, except per share amounts)
Net sales
$
612,324

 
$
634,360

 
$
622,888

 
$
614,094

 
$
553,552

 
$
573,366

 
$
574,490

 
$
585,904

Gross profit
276,652

 
287,367

 
280,233

 
273,643

 
250,941

 
256,925

 
257,930

 
260,882

Operating income
136,683

 
147,831

 
145,133

 
139,441

 
115,671

 
125,133

 
126,504

 
135,248

Net income
98,958

 
107,126

 
106,352

 
98,137

 
75,899

 
83,844

 
83,768

 
93,746

Basic EPS
$
1.29

 
$
1.40

 
$
1.39

 
$
1.29

 
$
0.99

 
$
1.10

 
$
1.09

 
$
1.23

Diluted EPS
$
1.27

 
$
1.38

 
$
1.37

 
$
1.27

 
$
0.99

 
$
1.08

 
$
1.08

 
$
1.21

Basic weighted average shares outstanding
76,419

 
76,539

 
76,562

 
76,128

 
76,115

 
76,220

 
76,309

 
76,283

Diluted weighted average shares outstanding
77,739

 
77,704

 
77,709

 
77,100

 
76,894

 
77,320

 
77,523

 
77,597

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Quarterly data includes acquisition of thinXXS (December 2017) and Finger Lakes Instrumentation (July 2018) from the date of acquisition. Quarterly data also includes the gain on the sale of Faure Herman (October 2017) and the results of the divested business through the date of disposition. See Note 2 for further discussion.