XML 63 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Condensed Consolidated Statements of Income (unaudited) [Abstract]        
Net sales $ 248,127 $ 238,275 $ 495,960 $ 490,243
Cost of sales 192,685 185,214 381,951 378,586
Gross profit 55,442 53,061 114,009 111,657
Selling, general, administrative and engineering expenses 37,795 38,456 78,162 78,599
Income from operations 17,647 14,605 35,847 33,058
Interest expense 76 42 147 88
Other income, net of expenses 32 621 784 1,469
Income from continuing operations before income taxes 17,603 15,184 36,484 34,439
Income taxes on continuing operations 6,450 5,603 12,081 12,834
Net income from continuing operations 11,153 9,581 24,403 21,605
Income from discontinued operations, net of tax 0 848 0 1,082
Net income 11,153 10,429 24,403 22,687
Net income attributable to non-controlling interest 61 63 140 76
Net income attributable to controlling interest $ 11,092 $ 10,366 $ 24,263 $ 22,611
Net income attributable to controlling interest from continuing operations:        
Basic (in dollars per share) $ 0.49 $ 0.42 $ 1.07 $ 0.95
Diluted (in dollars per share) $ 0.48 $ 0.41 $ 1.05 $ 0.93
Income from discontinued operations, net of tax        
Basic (in dollars per share) $ 0 $ 0.04 $ 0 $ 0.05
Diluted (in dollars per share) $ 0 $ 0.04 $ 0 $ 0.05
Net income attributable to controlling interest:        
Basic (in dollars per share) $ 0.49 $ 0.46 $ 1.07 $ 1.00
Diluted (in dollars per share) $ 0.48 $ 0.45 $ 1.05 $ 0.98
Weighted average number of common shares outstanding:        
Basic (in shares) 22,752 22,691 22,738 22,667
Diluted (in shares) 23,069 23,041 23,075 23,047
Dividends declared per common share $ 0.10 $ 0 $ 0.10 $ 0