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Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements of Income        
Net sales $ 320,231 $ 254,854 $ 626,368 $ 470,518
Cost of sales 245,072 178,936 478,274 325,306
Gross profit 75,159 75,918 148,094 145,212
Research and development 2,934 3,091 6,004 5,526
Selling and administrative expenses 32,656 32,030 64,875 54,263
Operating income 39,569 40,797 77,215 85,423
Equity in earnings of non-consolidated affiliate 0 (1,684) 0 (910)
Other income, net (196) (8,596) (187) (11,855)
Interest expense 4,584 1,296 8,988 2,202
Interest income (115) (507) (244) (1,068)
Income before provision for income taxes 35,296 50,288 68,658 97,054
Provision for income taxes 6,727 9,541 12,826 21,354
Net income $ 28,569 $ 40,747 $ 55,832 $ 75,700
Basic income per common share:        
Net income per share $ 0.20 $ 0.34 $ 0.39 $ 0.63
Weighted average common shares outstanding 145,165,549 120,340,272 145,010,867 120,395,405
Diluted income per common share:        
Net income per share $ 0.20 $ 0.34 $ 0.38 $ 0.63
Weighted average common shares outstanding 145,964,404 121,088,420 145,723,045 121,082,504