XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales $ 272,540 $ 270,126 $ 505,292 $ 500,834
Cost of sales 195,141 192,330 359,983 357,210
Gross profit 77,399 77,796 145,309 143,624
Selling, general and administrative expenses 48,847 50,588 96,441 100,198
Litigation charge 10,650 0 10,650 0
Restructuring and integration expenses 555 200 726 618
Other income, net 273 212 533 442
Operating income 17,620 27,220 38,025 43,250
Other non-operating income (expense), net 307 (64) (106) (260)
Interest expense 457 646 765 1,218
Earnings from continuing operations before taxes 17,470 26,510 37,154 41,772
Provision for income taxes 6,301 10,110 13,578 15,806
Earnings from continuing operations 11,169 16,400 23,576 25,966
Loss from discontinued operations, net of income taxes (529) (357) (1,211) (749)
Net earnings $ 10,640 $ 16,043 $ 22,365 $ 25,217
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.49 $ 0.71 $ 1.03 $ 1.13
Discontinued operations (in dollars per share) $ (0.02) $ (0.01) $ (0.05) $ (0.03)
Net earnings per common share - Basic (in dollars per share) $ 0.47 $ 0.70 $ 0.98 $ 1.10
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) $ 0.48 $ 0.71 $ 1.02 $ 1.12
Discontinued operations (in dollars per share) $ (0.02) $ (0.02) $ (0.06) $ (0.03)
Net earnings per common share - Diluted (in dollars per share) $ 0.46 $ 0.69 $ 0.96 $ 1.09
Dividends declared per share (in dollars per share) $ 0.13 $ 0.11 $ 0.26 $ 0.22
Average number of common shares (in shares) 22,874,002 22,981,337 22,910,419 22,917,769
Average number of common shares and dilutive common shares (in shares) 23,196,713 23,261,118 23,219,055 23,190,091