Interim Financial Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Interim Financial Information

Interim Financial Information (unaudited)

	QUARTER ENDED (In thousands, except per share data)
	March 31,			June 30,			September 30,			December 31,
2013
Net sales	$	331,437		$	344,760		$	341,176		$	334,986
Gross profit	93,584			93,557			96,824			93,501
Loss before income taxes	(13,183		)	(13,864		)	(4,633		)	(6,660		)
Net loss from continuing operations	(5,708		)	(24,489		)	(5,383		)	(15,420		)
Net earnings from discontinued operations	40,889			12,027			21,485			9,650
Net earnings (loss)	35,181			(12,462		)	16,102			(5,770		)
Net loss per share from continuing operations—basic	(0.18		)	(0.77		)	(0.17		)	(0.48		)
Net earnings per share from discontinued operations—basic	1.28			0.38			0.67			0.30
Net earnings (loss) per share—basic	1.10			(0.39		)	0.50			(0.18		)
Loss per share from continuing operations—assuming dilution *	(0.18		)	(0.77		)	(0.17		)	(0.48		)
Net earnings per share from discontinued operations—assuming dilution	1.28			0.38			0.67			0.30
Net earnings (loss) per share—assuming dilution *	1.10			(0.39		)	0.50			(0.18		)
	March 31,			June 30,			September 30,			December 31,
2012
Net sales	$	349,620		$	366,629		$	361,518		$	354,926
Gross profit	108,521			113,465			109,412			105,077
Earnings (loss) before income taxes	6,203			5,649			3,008			(9,160		)
Net earnings (loss) from continuing operations	4,926			(5,115		)	563			(11,449		)
Net earnings from discontinued operations	3,307			3,138			2,301			4,156
Net earnings (loss)	8,233			(1,977		)	2,864			(7,293		)
Net earnings (loss) per share from continuing operations—basic	0.15			(0.16		)	0.02			(0.36		)
Net earnings per share from discontinued operations—basic	0.10			0.10			0.07			0.13
Net earnings (loss) per share—basic	0.26			(0.06		)	0.09			(0.23		)
Net earnings (loss) per share from continuing operations—assuming dilution *	0.15			(0.16		)	0.02			(0.36		)
Net earnings per share from discontinued operations—assuming dilution	0.10			0.10			0.07			0.13
Net earnings (loss) per share—assuming dilution *	0.26			(0.06		)	0.09			(0.23		)

* Net earnings (loss) per share assuming dilution calculated utilizing weighted average shares outstanding - basic in periods in which there is a net loss.

Earnings and earnings per share for the quarter ended March 31, 2013 reflects restructuring charges of $2,522,000 pre-tax ($1,838,000 after tax or $0.06 per share assuming dilution).

Earnings and earnings per share for the quarter ended June 30, 2013 reflects restructuring charges of $2,592,000 pre-tax ($1,899,000 after tax or $0.06 per share assuming dilution) and a one-time discrete tax expense of $9,700,000 ($0.30 per share assuming dilution) resulting from dividends received in the United States, which as a result of the intraperiod tax allocation between continuing and discontinued operations resulted in a recognized expense for continuing operations, despite the Company being in a domestic tax valuation allowance and the negative impact to warranty expense of $3,862,000 ($3,862,000 after tax or $0.12 per share assuming dilution) related to the Company's power wheelchair joystick recall.

Earnings and earnings per share for the quarter ended September 30, 2013 reflects restructuring charge of $1,884,000 pre-tax ($1,765,000 after tax or $0.06 per share assuming dilution), a tax expense benefit of $3,800,000 ($0.12 per share assuming dilution) as a result of an intraperiod tax allocation expense to discontinued operations and a valuation tax expense of $3,100,000 ($0.10 per share assuming dilution) related to continuing domestic operations and asset write-downs for intangibles of $167,000 ($167,000 after tax or $0.01 per share assuming dilution).

Loss and loss per share for the quarter ended December 31, 2013 reflects restructuring charges of $2,338,000 pre-tax ($1,991,000 after tax or $0.06 per share assuming dilution), negative impact to warranty expense of $3,402,000 ($3,308,000 after tax or $0.10 per share assuming dilution) related to the Company's power wheelchair joystick recall, the negative impact of an intraperiod tax allocation associated with discontinued operations $10,000,000 ($0.32 per share assuming dilution) and asset write-downs for intangibles of $1,356,000 ($1,155,000 after tax or $0.04 per share assuming dilution) and $1,389,000 ($0.04 per share) related to an amended value-added tax filing.

Earnings and earnings per share for the quarter ended March 31, 2012 reflects restructuring charges of $561,000 pre-tax ($391,000 after tax or $0.01 per share assuming dilution).

Earnings and earnings per share for the quarter ended June 30, 2012 reflects a one-time discrete tax expense related to prior years of $9,010,000 ($0.28 per share assuming dilution), restructuring charges of $2,006,000 pre-tax ($2,086,000 after tax or $0.07 per share assuming dilution) and loss on debt extinguishment including debt finance charges and associated fees of $312,000 ($312,000 after tax or $0.01 per share assuming dilution) as a result of the Company’s decision to extinguish higher interest rate debt.

Earnings and earnings per share for the quarter ended September 30, 2012 reflects restructuring charge of $1,175,000 pre-tax ($1,129,000 after tax or $0.04 per share assuming dilution).

Loss and loss per share for the quarter ended December 31, 2012 reflects restructuring charges of $7,653,000 ($7,623,000 after tax or $0.24 per share assuming dilution), the positive impact of an intraperiod tax allocation associated with discontinued operations $2,200,000 ($0.07 per share assuming dilution) and asset write-downs for intangibles of $773,000 ($698,000 after tax or $0.02 per share assuming dilution).