XML 34 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales $ 270,037 $ 257,046 $ 767,008 $ 762,338
Cost of sales 188,484 179,819 548,806 539,802
Gross profit 81,553 77,227 218,202 222,536
Selling, general and administrative expenses 51,907 48,811 152,841 145,252
Litigation charge 0 0 0 10,650
Restructuring and integration expenses (80) 343 (49) 1,069
Other income, net 231 268 774 801
Operating income 29,957 28,341 66,184 66,366
Other non-operating income (expense), net (535) (955) 164 (1,061)
Interest expense 332 440 1,238 1,205
Earnings from continuing operations before taxes 29,090 26,946 65,110 64,100
Provision for income taxes 9,896 9,140 22,769 22,718
Earnings from continuing operations 19,194 17,806 42,341 41,382
Loss from discontinued operations, net of income taxes (728) (8,240) (1,549) (9,451)
Net earnings $ 18,466 $ 9,566 $ 40,792 $ 31,931
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.84 $ 0.78 $ 1.85 $ 1.81
Discontinued operations (in dollars per share) (0.03) (0.36) (0.07) (0.42)
Net earnings per common share - Basic (in dollars per share) 0.81 0.42 1.78 1.39
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) 0.83 0.77 1.82 1.79
Discontinued operations (in dollars per share) (0.03) (0.36) (0.06) (0.41)
Net earnings per common share - Diluted (in dollars per share) 0.80 0.41 1.76 1.38
Dividends declared per share (in dollars per share) $ 0.15 $ 0.13 $ 0.45 $ 0.39
Average number of common shares (in shares) 22,770,865 22,884,939 22,865,978 22,901,832
Average number of common shares and dilutive common shares (in shares) 23,133,869 23,169,173 23,220,381 23,180,842