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Consolidated Statements of Net Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Net sales $ 187,766 $ 175,853 $ 358,684 $ 336,431
Cost of sales 114,209 106,291 220,521 206,007
Gross profit 73,557 69,562 138,163 130,424
Selling, general and administrative expenses 34,452 31,189 63,654 59,598
Research and development expenses 5,793 4,887 11,508 10,048
Amortization of intangibles 1,930 1,390 3,502 2,858
42,175 37,466 78,664 72,504
Operating income 31,382 32,096 59,499 57,920
Interest expense 644 421 1,020 844
Impairment and equity in net loss of unconsolidated affiliate   1,033 10,678 1,558
Other (income) expense, net (4,659) (757) (5,568) (656)
Income before income taxes 35,397 [1] 31,399 [1] 53,369 [1] 56,174 [1]
Income taxes 8,749 8,436 11,927 15,648
Net income $ 26,648 $ 22,963 $ 41,442 $ 40,526
Net income per share (see Note 9):        
Basic (in Dollars per share) $ 1.19 $ 1.05 $ 1.87 $ 1.86
Diluted (in Dollars per share) $ 1.18 $ 1.04 $ 1.85 $ 1.84
Weighted average shares and equivalent shares outstanding:        
Basic (in Shares) 22,296 21,778 22,197 21,693
Diluted (in Shares) 22,499 22,074 22,431 22,004
Cash dividends paid per common share (in Dollars per share) $ 0.20 $ 0.18 $ 0.40 $ 0.36
[1] 2012 Income before income taxes has been restated to reflect the company's retroactive equity losses from Shocking Technologies. (See Note 2).