XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Sep. 28, 2014
Sep. 29, 2013
Income Statement [Abstract]        
Net revenues $ 457,173 $ 413,796 $ 1,363,824 $ 1,245,732
Cost of goods sold 221,007 209,804 662,411 631,730
Gross profit 236,166 203,992 701,413 614,002
Selling, general and administrative expenses 138,252 115,228 425,392 358,431
Research and development expenses 14,871 15,638 43,803 47,169
Restructuring and other impairment charges 1,108 7,084 16,511 29,205
Income from continuing operations before interest, loss on extingushments of debt and taxes 81,935 66,042 215,707 179,197
Interest expense 17,184 13,948 48,650 42,566
Interest income (161) (144) (494) (458)
Loss on extinguishments of debt 0 1,250 0 1,250
Income from continuing operations before taxes 64,912 50,988 167,551 135,839
Taxes on income from continuing operations 9,684 5,209 28,224 18,958
Income from continuing operations 55,228 45,779 139,327 116,881
Operating income (loss) from discontinued operations (247) 38 (1,866) (1,746)
Taxes (benefit) on income (loss) from discontinued operations 24 (991) (345) (1,547)
Income (loss) from discontinued operations (271) 1,029 (1,521) (199)
Net income 54,957 46,808 137,806 116,682
Less: Income from continuing operations attributable to noncontrolling interest 126 234 765 629
Net income attributable to common shareholders 54,831 46,574 137,041 116,053
Basic:        
Income from continuing operations (in dollars per share) $ 1.33 $ 1.11 $ 3.35 $ 2.83
Income (loss) from discontinued operations (in dollars per share) $ (0.01) $ 0.02 $ (0.04) $ (0.01)
Net income (in dollars per share) $ 1.32 $ 1.13 $ 3.31 $ 2.82
Diluted:        
Income from continuing operations (in dollars per share) $ 1.18 $ 1.05 $ 3.00 $ 2.69
Income (loss) from discontinued operations (in dollars per share) $ 0.00 $ 0.03 $ (0.04) $ (0.01)
Net income (in dollars per share) $ 1.18 $ 1.08 $ 2.96 $ 2.68
Dividends per share $ 0.34 $ 0.34 $ 1.02 $ 1.02
Weighted average common shares outstanding        
Basic (in shares) 41,399 41,132 41,347 41,087
Diluted (in shares) 46,628 43,264 46,256 43,246
Amounts attributable to common shareholders:        
Income from continuing operations, net of tax 55,102 45,545 138,562 116,252
Income (loss) from discontinued operations, net of tax (271) 1,029 (1,521) (199)
Net income attributable to common shareholders $ 54,831 $ 46,574 $ 137,041 $ 116,053