XML 48 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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sales $ 1,302,343 $ 1,102,649 $ 3,204,648 $ 2,693,358
Cost of sales 914,069 767,864 2,253,043 1,889,587
Gross profit 388,274 334,785 951,605 803,771
Operating expenses:        
Selling and marketing 87,567 78,810 227,315 195,541
Research and development 38,586 37,010 111,083 103,064
General and administrative 56,596 49,343 150,830 129,597
Total operating expenses 182,749 165,163 489,228 428,202
Income from financial services 17,048 11,671 42,313 33,247
Operating income 222,573 181,293 504,690 408,816
Non-operating expense (income):        
Interest expense 2,835 1,520 8,686 4,364
Equity in loss of other affiliates 1,036 631 2,899 1,629
Other expense (income), net 252 (2,576) (3,736) (6,274)
Income before income taxes 218,450 181,718 496,841 409,097
Provision for income taxes 77,624 64,797 178,209 136,708
Net income from continuing operations 140,826 116,921 318,632 272,389
Loss from discontinued operations, net of tax   (3,777)   (3,777)
Net income $ 140,826 $ 113,144 $ 318,632 $ 268,612
Basic net income per share:        
Continuing operations $ 2.13 $ 1.69 $ 4.82 $ 3.95
Loss from discontinued operations   $ (0.05)   $ (0.05)
Basic net income per share $ 2.13 $ 1.64 $ 4.82 $ 3.90
Diluted net income per share:        
Continuing operations $ 2.06 $ 1.64 $ 4.68 $ 3.84
Loss from discontinued operations   $ (0.05)   $ (0.05)
Diluted net income per share $ 2.06 $ 1.59 $ 4.68 $ 3.79
Weighted average shares outstanding:        
Basic (in shares) 66,261 69,179 66,051 68,946
Diluted (in shares) 68,328 71,186 68,125 70,901