XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales        
Product sales $ 427,324 $ 439,871 $ 830,242 $ 885,558
Service sales 105,442 105,323 206,031 205,835
Total net sales 532,766 545,194 1,036,273 1,091,393
Cost of sales        
Cost of product sales 279,869 287,685 544,604 580,694
Cost of service sales 67,518 75,158 134,387 137,252
Total cost of sales 347,387 362,843 678,991 717,946
Gross profit 185,379 182,351 357,282 373,447
Research and development expenses 15,236 15,321 30,396 30,583
Selling expenses 29,126 29,105 58,752 60,193
General and administrative expenses 72,928 72,483 142,782 144,394
Operating income 68,089 65,442 125,352 138,277
Interest expense (10,273) (8,985) (20,206) (17,981)
Other income (expense), net 101 (37) 335 444
Earnings from continuing operations before income taxes 57,917 56,420 105,481 120,740
Provision for income taxes (17,954) (16,299) (32,699) (37,396)
Earnings from continuing operations 39,963 40,121 72,782 83,344
Loss from discontinued operations, net of taxes 0 (14,384) 0 (41,616)
Net earnings $ 39,963 $ 25,737 $ 72,782 $ 41,728
Basic earnings per share        
Earnings from continuing operations (usd per share) $ 0.90 $ 0.85 $ 1.63 $ 1.76
Earnings from discontinued operations (usd per share) 0.00 (0.31) 0.00 (0.88)
Total, Basic earnings per share (usd per share) 0.90 0.54 1.63 0.88
Diluted earnings per share        
Earnings from continuing operations (usd per share) 0.88 0.83 1.61 1.72
Earnings from discontinued operations (usd per share) 0.00 (0.30) 0.00 (0.86)
Total, Diluted earnings per share (usd per share) 0.88 0.53 1.61 0.86
Dividends per share $ 0.13 $ 0.13 $ 0.26 $ 0.26
Weighted average shares outstanding:        
Basic (shares) 44,487 47,224 44,526 47,466
Diluted (shares) 45,164 48,258 45,195 48,487