XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 214,675 $ 201,424 $ 429,286 $ 405,252
Cost of sales 138,003 120,878 276,007 244,356
Gross margin 76,672 80,546 153,279 160,896
Selling, general and administrative expenses 42,540 40,012 83,137 74,580
Research and development expenses 8,750 7,141 16,884 14,102
Restructuring and impairment charges 541 1,079 963 1,805
Gain (Loss) on Disposition of Assets 383 0    
Other operating (income) expense, net   0 (3,974) (942)
Operating income 25,224 32,314 56,269 71,351
Equity income in unconsolidated joint ventures 1,804 966 2,811 1,976
Other income (expense), net (34) 260 32 1,379
Interest expense, net (1,292) (1,947) (2,503) (3,195)
Income before income tax expense 25,702 31,593 56,609 71,511
Income tax expense 8,373 10,697 13,144 23,583
Net income $ 17,329 $ 20,896 $ 43,465 $ 47,928
Basic earnings per share (in dollars per share) $ 0.94 $ 1.15 $ 2.37 $ 2.65
Diluted earnings per share (in dollars per share) $ 0.93 $ 1.13 $ 2.33 $ 2.60
Shares used in computing:        
Basic earnings per share (shares) 18,389 18,140 18,338 18,098
Diluted earnings per share (shares) 18,660 18,547 18,635 18,460