XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Sales $ 844,800 $ 755,446 $ 1,590,709 $ 1,429,196
Cost of sales 592,462 538,697 1,121,723 1,017,484
Gross profit 252,338 216,749 468,986 411,712
Operating expenses:        
Selling and marketing 62,238 50,555 116,731 95,688
Research and development 34,604 31,216 66,054 61,682
General and administrative 41,444 32,759 80,254 67,759
Total operating expenses 138,286 114,530 263,039 225,129
Income from financial services 11,502 8,215 21,576 15,398
Operating income 125,554 110,434 227,523 201,981
Non-operating expense (income):        
Interest expense 1,371 1,466 2,844 2,978
Equity in loss of other affiliates 586 0 998 0
Other (income) expense, net (1,230) 210 (3,698) (2,367)
Income before income taxes 124,827 108,758 227,379 201,370
Provision for income taxes 44,823 38,935 71,911 71,469
Net income $ 80,004 $ 69,823 $ 155,468 $ 129,901
Basic net income per share (in dollars per share) $ 1.16 $ 1.01 $ 2.26 $ 1.89
Diluted net income per share ( in dollars per share) $ 1.13 $ 0.98 $ 2.20 $ 1.83
Weighted average shares outstanding:        
Basic (in shares) 68,867 68,954 68,830 68,795
Diluted (in shares) 70,755 71,161 70,759 70,993