XML 66 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Sep. 29, 2012
Oct. 01, 2011
Net sales        
Net sales of tangible products $ 239,786 $ 241,686 $ 706,970 $ 700,568
Revenue from services and software 12,251 11,652 36,019 35,612
Total net sales 252,037 253,338 742,989 736,180
Cost of sales        
Cost of sales of tangible products 118,751 122,529 357,764 351,042
Cost of services and software 6,362 7,256 18,041 19,889
Total cost of sales 125,113 129,785 375,805 370,931
Gross profit 126,924 123,553 367,184 365,249
Operating expenses:        
Selling and marketing 32,321 31,942 96,593 91,420
Research and development 22,007 22,584 64,759 66,752
General and administrative 22,481 18,978 71,203 62,372
Amortization of intangible assets 1,670 843 3,210 2,514
Acquisition costs 566 188 2,072 188
Exit and restructuring costs 0 138 0 2,090
Asset impairment charge 9,114 0 9,114 0
Total operating expenses 88,159 74,673 246,951 225,336
Operating income 38,765 48,880 120,233 139,913
Other income (expense):        
Investment income 541 134 1,959 1,350
Foreign exchange loss (514) (173) (936) (1,300)
Other, net (294) (859) (1,144) (1,356)
Total other income (expense) (267) (898) (121) (1,306)
Income from continuing operations before income taxes 38,498 47,982 120,112 138,607
Income taxes 11,917 13,795 33,014 41,123
Income from continuing operations 26,581 34,187 87,098 97,484
Income from discontinued operations, net of tax 516 10,814 816 42,115
Net income $ 27,097 $ 45,001 $ 87,914 $ 139,599
Basic earnings per share:        
Income from continuing operations $ 0.52 $ 0.64 $ 1.68 $ 1.79
Income from discontinued operations $ 0.01 $ 0.20 $ 0.02 $ 0.77
Net income $ 0.53 $ 0.84 $ 1.70 $ 2.56
Diluted earnings per share:        
Income from continuing operations $ 0.51 $ 0.64 $ 1.67 $ 1.78
Income from discontinued operations $ 0.01 $ 0.20 $ 0.02 $ 0.77
Net income $ 0.52 $ 0.84 $ 1.69 $ 2.55
Basic weighted average shares outstanding 51,566 53,339 51,775 54,405
Diluted weighted average and equivalent shares outstanding 51,809 53,628 52,041 54,770