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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
Net sales:        
Net sales of tangible products $ 270,049 $ 239,909 $ 531,941 $ 465,030
Revenue from services and software 18,372 13,251 44,748 25,067
Total net sales 288,421 253,160 576,689 490,097
Cost of sales:        
Cost of sales of tangible products 136,962 125,664 267,411 242,775
Cost of services and software 9,290 6,589 19,171 13,350
Total cost of sales 146,252 132,253 286,582 256,125
Gross profit 142,169 120,907 290,107 233,972
Operating expenses:        
Selling and marketing 35,755 33,830 71,171 67,345
Research and development 23,710 23,201 46,567 45,059
General and administrative 26,321 24,053 54,712 49,329
Amortization of intangible assets 2,667 1,863 5,339 3,726
Acquisition and integration costs 20,364 618 25,291 1,100
Exit and restructuring costs 287 1,101 554 2,996
Total operating expenses 109,104 84,666 203,634 169,555
Operating income 33,065 36,241 86,473 64,417
Other income (expense):        
Investment income 379 473 800 1,150
Foreign exchange income (loss) 43 (462) (249) (560)
Loss on forward interest rate swap (2,433) 0 (2,433) 0
Other, net (57) 1,464 (49) 1,473
Total other income (loss) (2,068) 1,475 (1,931) 2,063
Income from continuing operations before income taxes 30,997 37,716 84,542 66,480
Income taxes 3,440 7,158 15,379 12,380
Income from continuing operations 27,557 30,558 69,163 54,100
Income from discontinued operations, net of tax 0 8 0 8
Net income $ 27,557 $ 30,566 $ 69,163 $ 54,108
Basic earnings per share:        
Income from continuing operations $ 0.54 $ 0.60 $ 1.37 $ 1.06
Income from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income $ 0.54 $ 0.60 $ 1.37 $ 1.06
Diluted earnings per share:        
Income from continuing operations $ 0.54 $ 0.60 $ 1.35 $ 1.05
Income from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income $ 0.54 $ 0.60 $ 1.35 $ 1.05
Basic weighted average shares outstanding 50,606 50,900 50,509 50,929
Diluted weighted average and equivalent shares outstanding 51,278 51,283 51,129 51,310