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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE EARNINGS AND RETAINED EARNINGS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Net product sales $ 104,884 $ 105,026 $ 213,207 $ 208,270
Rental and royalty revenue 936 997 2,008 2,126
Total revenue 105,820 106,023 215,215 210,396
Product cost of goods sold 71,490 69,360 145,531 137,483
Rental and royalty cost 238 254 508 549
Total costs 71,728 69,614 146,039 138,032
Product gross margin 33,394 35,666 67,676 70,787
Rental and royalty gross margin 698 743 1,500 1,577
Total gross margin 34,092 36,409 69,176 72,364
Selling, marketing and administrative expenses 26,171 22,544 52,135 47,870
Earnings from operations 7,921 13,865 17,041 24,494
Other income (expense), net 1,001 (2,058) 3,993 1,358
Earnings before income taxes 8,922 11,807 21,034 25,852
Provision for income taxes 2,757 3,360 6,869 8,201
Net earnings 6,165 8,447 14,165 17,651
Other comprehensive income, before tax:        
Foreign currency translation adjustments 448 (1,342) 1,450 (585)
Unrealized gains on securities 1,965 273 1,776 512
Reclassifications to earnings and changes in fair value of derivatives (1,607) (1,257) (6,860) (4,539)
Other comprehensive income (loss), before tax 806 (2,326) (3,634) (4,612)
Income tax benefit related to items of other comprehensive income (175) 579 1,747 1,820
Other comprehensive income (loss), net of tax 631 (1,747) (1,887) (2,792)
Comprehensive earnings 6,796 6,700 12,278 14,859
Retained earnings at beginning of period 93,725 106,529 137,412 148,582
Net earnings 6,165 8,447 14,165 17,651
Cash dividends (4,629) (4,556) (9,141) (9,008)
Stock dividends - 3%     (47,175) (46,805)
Retained earnings at end of period $ 95,261 $ 110,420 $ 95,261 $ 110,420
Net earnings per share (in dollars per share) $ 0.11 $ 0.14 $ 0.24 $ 0.30
Dividends per share (in dollars per share) $ 0.08 [1] $ 0.08 [1] $ 0.16 [1] $ 0.16 [1]
Average number of shares outstanding (in shares) 58,012 58,792 58,050 58,884
[1] Does not include 3% stock dividend to shareholders of record on 3/08/11 and 3/09/10.