XML 36 R86.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 17 - Earnings Per Share (Details) - Computation of Basic and Diluted Earnings Per Share under the Two-class Method (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 27, 2014
Sep. 27, 2014
Jun. 28, 2014
Mar. 29, 2014
Dec. 28, 2013
Sep. 28, 2013
Jun. 29, 2013
Mar. 30, 2013
Dec. 27, 2014
Dec. 28, 2013
Dec. 29, 2012
Computation of Basic and Diluted Earnings Per Share under the Two-class Method [Abstract]                      
Net income as reported $ 19,511us-gaap_NetIncomeLoss [1] $ 29,940us-gaap_NetIncomeLoss [2] $ 24,578us-gaap_NetIncomeLoss [3] $ 25,389us-gaap_NetIncomeLoss [4] $ 23,658us-gaap_NetIncomeLoss [5] $ 26,990us-gaap_NetIncomeLoss [6] $ 26,648us-gaap_NetIncomeLoss [7] $ 11,488us-gaap_NetIncomeLoss [7],[8] $ 99,418us-gaap_NetIncomeLoss $ 88,784us-gaap_NetIncomeLoss $ 75,332us-gaap_NetIncomeLoss
Less: Distributed earnings available to participating securities                   (35)us-gaap_DistributedEarnings (30)us-gaap_DistributedEarnings
Less: Undistributed earnings available to participating securities                   (16)lfus_UndistributedEarningsAvailableToParticipatingSecurities (98)lfus_UndistributedEarningsAvailableToParticipatingSecurities
Numerator for basic earnings per share —                      
Undistributed and distributed earnings available to common shareholders                 99,418lfus_UndistributedAndDistributedEarningsAvailableToCommonShareholders 88,733lfus_UndistributedAndDistributedEarningsAvailableToCommonShareholders 75,204lfus_UndistributedAndDistributedEarningsAvailableToCommonShareholders
Add: Undistributed earnings allocated to participating securities                   16us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic 98us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
Less: Undistributed earnings reallocated to participating securities                   (16)lfus_UndistributedEarningsReallocatedToParticipatingSecurities (97)lfus_UndistributedEarningsReallocatedToParticipatingSecurities
Numerator for diluted earnings per share —                      
Undistributed and distributed earnings available to common shareholders                 $ 99,418us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 88,733us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 75,205us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Denominator for basic earnings per share —                      
Weighted-average shares (in Shares)                 22,543us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 22,315us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 21,822us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities:                      
Common stock equivalents (in Shares)                 184us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 222us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment 276us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment
Denominator for diluted earnings per share —                      
Adjusted for weighted-average shares & assumed conversions (in Shares)                 22,727us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 22,537us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 22,098us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic earnings per share (in Dollars per share) $ 0.86us-gaap_EarningsPerShareBasic [1] $ 1.33us-gaap_EarningsPerShareBasic [2] $ 1.09us-gaap_EarningsPerShareBasic [3] $ 1.13us-gaap_EarningsPerShareBasic [4] $ 1.05us-gaap_EarningsPerShareBasic [5] $ 1.20us-gaap_EarningsPerShareBasic [6] $ 1.19us-gaap_EarningsPerShareBasic [7] $ 0.52us-gaap_EarningsPerShareBasic [7],[8] $ 4.41us-gaap_EarningsPerShareBasic $ 3.98us-gaap_EarningsPerShareBasic $ 3.45us-gaap_EarningsPerShareBasic
Diluted earnings per share (in Dollars per share) $ 0.86us-gaap_EarningsPerShareDiluted [1] $ 1.32us-gaap_EarningsPerShareDiluted [2] $ 1.08us-gaap_EarningsPerShareDiluted [3] $ 1.12us-gaap_EarningsPerShareDiluted [4] $ 1.04us-gaap_EarningsPerShareDiluted [5] $ 1.19us-gaap_EarningsPerShareDiluted [6] $ 1.18us-gaap_EarningsPerShareDiluted [7] $ 0.51us-gaap_EarningsPerShareDiluted [7],[8] $ 4.37us-gaap_EarningsPerShareDiluted $ 3.94us-gaap_EarningsPerShareDiluted $ 3.40us-gaap_EarningsPerShareDiluted
[1] In the fourth quarter of 2014, the company recorded $2.2 million in charges related to severance and to the company's reorganization of its internal legal structure toenable the up-streaming of cash to the U.S. The company also recorded $0.3 million in acquisition costs and $0.3 million in impairment costs.
[2] In the third quarter of 2014, the company recorded $1.1 million in charges related to the company's reorganization of its internal legal structure, as noted above.
[3] In the second quarter of 2014, the company recorded a $1.4 million non-cash charge related to the step-up of inventory from the SymCom acquisition (See Note 2), $2.0 million in severance charges and $0.2 million in acquisition costs.
[4] In the first quarter of 2014, the company recorded a $1.4 million non-cash charge related to the step-up of inventory from the SymCom acquisition (See Note 2).
[5] In the fourth quarter of 2013, the company recorded a $2.8 million charge to income tax expense related to the company's impairment of its investment in Shocking Technologies in the fourth quarter of 2012 (See Note 6). The company also recorded a $0.5 million non-cash credit related to the step-up of inventory from the Hamlin acquisition (See Note 2) and $0.2 million in acquisition expenses for the Hamlin acquisition.
[6] In the third quarter of 2013, the company recorded a $0.3 million non-cash charge related to the step-up of inventory from the Hamlin acquisition (See Note 2). Thecompany also recorded $0.3 million in acquisition charges related to the Hamlin acquisition.
[7] In the second quarter of 2013, the company recorded a $1.7 million non-cash charge related to the step-up of inventory from the Hamlin acquisition (See Note 2).The company also recorded $1.2 million in acquisition charges related to the Hamlin acquisition.
[8] In the first quarter of 2013, the company recorded a $10.7 million charge related to the impairment of Shocking Technologies. Additionally, the company restated netincome for a $3.3 million charge to income tax expense related to the company's investment in Shocking Technologies (See Note 6).