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Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 26, 2011
Jun. 27, 2010
Jun. 26, 2011
Jun. 27, 2010
Condensed Consolidated Statements Of Income        
Net revenues $ 391,286 $ 358,427 $ 745,290 $ 701,964
Cost of goods sold 207,254 184,126 396,754 356,852
Gross profit 184,032 174,301 348,536 345,112
Selling, general and administrative expenses 111,751 99,768 215,137 195,419
Research and development expenses 12,456 10,288 23,494 19,599
Restructuring and other impairment charges 3,176 75 3,771 538
Income from continuing operations before interest, loss on extinguishments of debt and taxes 56,649 64,170 106,134 129,556
Interest expense 15,785 19,534 31,931 38,454
Interest income (253) (150) (358) (356)
Loss on extinguishments of debt (816)   (15,413)  
Income from continuing operations before taxes 40,301 44,786 59,148 91,458
Taxes on income from continuing operations 8,714 12,440 13,564 26,363
Income from continuing operations 31,587 32,346 45,584 65,095
Operating income (loss) from discontinued operations (including gain (loss) on disposal of ($4,504) and $52,269 for the three and six month period in 2011, respectively, and $28,825 and $38,562 for the three and six month periods in 2010, respectively) (4,360) 45,634 59,576 60,009
Taxes (benefit) on income from discontinued operations (7,260) [1] 17,454 [1] (7,521) [1] 26,620 [1]
Income from discontinued operations 2,900 28,180 67,097 33,389
Net income 34,487 60,526 112,681 98,484
Less: Income from continuing operations attributable to noncontrolling interests 258 259 481 431
Income from discontinued operations attributable to noncontrolling interest 159 119 318 233
Net income attributable to common shareholders 34,070 60,148 111,882 97,820
Basic:        
Income from continuing operations $ 0.77 $ 0.80 $ 1.12 $ 1.62
Income from discontinued operations $ 0.07 $ 0.70 $ 1.66 $ 0.83
Net income $ 0.84 $ 1.51 $ 2.78 $ 2.45
Diluted:        
Income from continuing operations $ 0.77 $ 0.80 $ 1.11 $ 1.61
Income from discontinued operations $ 0.07 $ 0.70 $ 1.64 $ 0.82
Net income $ 0.83 $ 1.49 $ 2.75 $ 2.43
Dividends per common share $ 0.34 $ 0.34 $ 0.68 $ 0.68
Weighted average common shares outstanding:        
Basic 40,536 39,913 40,297 39,852
Diluted 40,872 40,356 40,648 40,277
Amounts attributable to common shareholders:        
Income from continuing operations, net of tax 31,329 32,087 45,103 64,664
Income from discontinued operations net of tax 2,741 28,061 66,779 33,156
Net income $ 34,070 $ 60,148 $ 111,882 $ 97,820
[1] The provision for income taxes for the three months ended June 26, 2011 was impacted favorably by the realization of net tax benefits resulting from the resolution (including the expiration of statutes of limitation) of U.S. federal, state, and foreign tax matters relating to prior years. In addition, the provision for income taxes for the six months ended June 26, 2011 was further impacted favorably by tax on the sale of the marine business being incurred at significantly lower than statutory effective tax rates.