XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2013
Sep. 30, 2012
Sep. 29, 2013
Sep. 30, 2012
Net revenues $ 413,796 $ 368,054 $ 1,245,732 $ 1,131,953
Cost of goods sold 209,804 187,487 631,730 582,908
Gross profit 203,992 180,567 614,002 549,045
Selling, general and administrative expenses 115,228 114,878 358,431 332,965
Research and development expenses 15,638 14,760 47,169 40,015
Goodwill impairment       332,128
Restructuring and other impairment charges 7,084 1,088 29,205 84
Gain on sales of businesses and assets       (332)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes 66,042 49,841 179,197 (155,815)
Interest expense 13,948 18,493 42,566 54,944
Interest income (144) (340) (458) (1,324)
Loss on extinguishments of debt 1,250   1,250  
Income (loss) from continuing operations before taxes 50,988 31,688 135,839 (209,435)
Taxes on income (loss) from continuing operations 5,209 7,237 18,958 2,961
Income (loss) from continuing operations 45,779 24,451 116,881 (212,396)
Operating income (loss) from discontinued operations (including gain (loss) on disposal of ($38) and $2,226 for the three and nine month periods in 2012, respectively) 38 (831) (1,746) (7,951)
Taxes (benefit) on income (loss) from discontinued operations (991) [1] 1,690 [1] (1,547) [1] (1,668) [1]
Income (loss) from discontinued operations 1,029 (2,521) (199) (6,283)
Net income (loss) 46,808 21,930 116,682 (218,679)
Less: Income from continuing operations attributable to noncontrolling interest 234 188 629 701
Net income (loss) attributable to common shareholders 46,574 21,742 116,053 (219,380)
Basic:        
Income (loss) from continuing operations $ 1.11 $ 0.59 $ 2.83 $ (5.22)
Income (loss) from discontinued operations $ 0.02 $ (0.06) $ (0.01) $ (0.15)
Net income (loss) $ 1.13 $ 0.53 $ 2.82 $ (5.37)
Diluted:        
Income (loss) from continuing operations $ 1.05 $ 0.58 $ 2.69 $ (5.22)
Income (loss) from discontinued operations $ 0.03 $ (0.06) $ (0.01) $ (0.15)
Net income (loss) $ 1.08 $ 0.52 $ 2.68 $ (5.37)
Dividends per common share $ 0.34 $ 0.34 $ 1.02 $ 1.02
Weighted average common shares outstanding:        
Basic 41,132 40,890 41,087 40,831
Diluted 43,264 41,511 43,246 40,831
Amounts attributable to common shareholders:        
Income (loss) from continuing operations, net of tax 45,545 24,263 116,252 (213,097)
Income (loss) from discontinued operations, net of tax 1,029 (2,521) (199) (6,283)
Net income (loss) attributable to common shareholders $ 46,574 $ 21,742 $ 116,053 $ (219,380)
[1] The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.