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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 359,291 $ 352,305 $ 959,469 $ 1,056,922
Costs of goods sold 228,965 222,022 630,643 679,113
Gross profit 130,326 130,283 328,826 377,809
Operating expenses:        
Selling and service 34,715 32,961 93,317 90,045
Research and development 8,332 7,822 24,907 23,580
General and administrative 13,127 13,429 40,897 39,080
Amortization of intangible assets $ 6,285 $ 5,277 $ 17,460 15,721
Gain on remeasurement of contingent consideration (4,877)
Total operating expenses $ 62,459 $ 59,489 $ 176,581 163,549
Income from operations 67,867 70,794 152,245 214,260
Other (expense) income:        
Interest expense (10,210) (12,294) (32,241) (35,411)
Investment income $ 39 38 111 119
Loss on extinguishment of debt $ (1,836) (4,795) (1,836)
Gain (loss) on change in contractual interest rate $ (2,381) (2,381) 16,014
Costs related to acquisitions (153) $ (396) (153) (396)
Other, net (1,908) (1,444) (5,357) (1,242)
Total other expense, net (14,613) (15,932) (44,816) (22,752)
Income before provision for income taxes 53,254 54,862 107,429 191,508
Provision for income taxes 19,218 18,365 38,864 66,285
Net income $ 34,036 $ 36,497 $ 68,565 $ 125,223
Net income per common share - basic: (in dollars per share) $ 0.50 $ 0.53 $ 1 $ 1.83
Weighted average common shares outstanding - basic: (in shares) 68,175,466 68,556,051 68,642,479 68,511,409
Net income per common share - diluted: (in dollars per share) $ 0.49 $ 0.52 $ 0.98 $ 1.79
Weighted average common shares outstanding - diluted: (in shares) 69,182,465 70,033,224 69,781,300 70,050,953
Comprehensive income $ 31,899 $ 35,472 $ 59,939 $ 122,474