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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. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
Net sales $ 220,908 [1] $ 187,766 [1] $ 427,767 $ 358,684
Cost of sales 137,913 114,209 266,278 220,521
Gross profit 82,995 73,557 161,489 138,163
Selling, general and administrative expenses 38,328 34,452 72,499 63,654
Research and development expenses 7,810 5,793 15,384 11,508
Amortization of intangibles 3,138 1,930 6,297 3,502
49,276 42,175 94,180 78,664
Operating income 33,719 31,382 67,309 59,499
Interest expense 1,228 644 2,444 1,020
Impairment and equity in net loss of unconsolidated affiliate    [2]    [2]    [2] 10,678 [2]
Foreign exchange loss (gain) 2,375 (3,724) 2,123 (3,405)
Other (income) expense, net (1,446) (935) (2,632) (2,163)
Income before income taxes 31,562 35,397 65,374 53,369
Income taxes 6,984 8,749 15,407 15,233
Net income $ 24,578 $ 26,648 $ 49,967 $ 38,136
Net income per share (see Note 8):        
Basic (in Dollars per share) $ 1.09 $ 1.19 $ 2.21 $ 1.72
Diluted (in Dollars per share) $ 1.08 $ 1.18 $ 2.20 $ 1.70
Weighted average shares and equivalent shares outstanding:        
Basic (in Shares) 22,579 22,296 22,536 22,197
Diluted (in Shares) 22,750 22,499 22,738 22,431
Cash dividends paid per common share (in Dollars per share) $ 0.22 $ 0.20 $ 0.44 $ 0.40
[1] Sales by country represent sales to customer or distributor locations.
[2] During the first quarter of 2013, the company recorded an impairment of its investment in Shocking Technologies. (See Note 5).