XML 39 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales        
Product sales $ 439,871 $ 457,873 $ 885,558 $ 894,100
Service sales 105,323 111,325 205,835 218,057
Total net sales 545,194 569,198 1,091,393 1,112,157
Cost of sales        
Cost of product sales 287,685 299,525 580,694 588,459
Cost of service sales 75,158 71,442 137,252 140,853
Total cost of sales 362,843 370,967 717,946 729,312
Gross profit 182,351 198,231 373,447 382,845
Research and development expenses (15,321) (17,364) (30,583) (34,241)
Selling expenses (29,105) (32,099) (60,193) (64,730)
General and administrative expenses (72,483) (76,609) (144,394) (150,681)
Operating income 65,442 72,159 138,277 133,193
Interest expense (8,985) (8,986) (17,981) (18,041)
Other income, net (37) (23) 444 89
Earnings from continuing operations before income taxes 56,420 63,150 120,740 115,241
Provision for income taxes (16,299) (20,141) (37,396) (35,802)
Earnings from continuing operations 40,121 43,009 83,344 79,439
Discontinued operations, net of taxes        
Loss from discontinued operations, net of taxes (14,384) (6,618) (41,616) (7,884)
Net earnings $ 25,737 $ 36,391 $ 41,728 $ 71,555
Basic earnings per share        
Earnings from continuing operations (usd per share) $ 0.85 $ 0.90 $ 1.76 $ 1.65
Earnings from discontinued operations (usd per share) (0.31) (0.14) (0.88) (0.16)
Total, Basic earnings per share (usd per share) 0.54 0.76 0.88 1.49
Diluted earnings per share        
Earnings from continuing operations (usd per share) 0.83 0.87 1.72 1.62
Earnings from discontinued operations (usd per share) (0.30) (0.13) (0.86) (0.16)
Total, Diluted earnings per share (usd per share) 0.53 0.74 0.86 1.46
Dividends per share $ 0.13 $ 0.13 $ 0.26 $ 0.26
Weighted average shares outstanding:        
Basic (shares) 47,224 48,175 47,466 48,055
Diluted (shares) 48,258 49,239 48,487 49,160