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Consolidated Statements of Net Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
Net sales $ 201,040 $ 172,688 $ 559,724 $ 509,119
Cost of sales 120,080 104,052 340,601 310,059
Gross profit 80,960 68,636 219,123 199,060
Selling, general and administrative expenses 34,437 30,601 98,091 90,199
Research and development expenses 6,217 5,505 17,725 15,553
Amortization of intangibles 2,747 1,599 6,249 4,457
43,401 37,705 122,065 110,209
Operating income 37,559 30,931 97,058 88,851
Interest expense 939 454 1,959 1,298
Impairment and equity in net loss of unconsolidated affiliate   1,965 10,678 3,523
Foreign exchange (gain) loss 1,476 834 (1,929) 1,903
Other (income) expense, net (1,380) (1,350) (3,543) (3,075)
Income before income taxes 36,524 29,028 [1] 89,893 85,202 [1]
Income taxes 9,534 6,250 21,461 21,898
Net income $ 26,990 $ 22,778 $ 68,432 $ 63,304
Net income per share (see Note 9):        
Basic (in Dollars per share) $ 1.20 $ 1.04 $ 3.07 $ 2.90
Diluted (in Dollars per share) $ 1.19 $ 1.03 $ 3.04 $ 2.87
Weighted average shares and equivalent shares outstanding:        
Basic (in Shares) 22,428 21,923 22,274 21,770
Diluted (in Shares) 22,625 22,162 22,497 22,055
Cash dividends paid per common share (in Dollars per share) $ 0.22 $ 0.20 $ 0.62 $ 0.56
[1] 2012 Income before income taxes has been restated to reflect the company's retroactive equity losses from Shocking Technologies. (See Note 2).