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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 177,812 $ 165,614 $ 310,348 $ 289,434
Cost of sales 94,313 88,828 169,900 158,620
Gross profit 83,499 76,786 140,448 130,814
Operating expenses:        
Research and development and other engineering 6,945 5,700 12,939 10,441
Selling 19,819 16,610 36,895 31,483
General and administrative 25,454 20,524 47,076 37,456
Loss on sale of assets 73 15 48 404
Total operating expenses 52,291 42,849 96,958 79,784
Income from operations 31,208 33,937 43,490 51,030
Loss in equity method investment, before tax (69) (131) (82) (275)
Interest income, net 108 26 179 37
Income from continuing operations before taxes 31,247 33,832 43,587 50,792
Provision for income taxes from continuing operations 11,754 12,773 17,016 19,903
Income from continuing operations, net of tax 19,493 21,059 26,571 30,889
Loss from discontinued operations, net of tax   (14,356)   (14,986)
Net income $ 19,493 $ 6,703 $ 26,571 $ 15,903
Basic        
Continuing operations (in dollars per share) $ 0.39 $ 0.43 $ 0.53 $ 0.63
Discontinued operations (in dollars per share)   $ (0.29)   $ (0.30)
Net income (in dollars per share) $ 0.39 $ 0.14 $ 0.53 $ 0.32
Diluted        
Continuing operations (in dollars per share) $ 0.39 $ 0.42 $ 0.53 $ 0.62
Discontinued operations (in dollars per share)   $ (0.29)   $ (0.30)
Net income (in dollars per share) $ 0.39 $ 0.14 $ 0.53 $ 0.32
Number of shares outstanding        
Basic (in shares) 49,404 49,417 49,753 49,403
Diluted (in shares) 49,456 49,598 49,809 49,559
Cash dividends declared per common share (in dollars per share) $ 0.125 $ 0.10 $ 0.25 $ 0.20