XML 119 R104.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Financial Data (Unaudited) (Revised Quarterly Consolidated Statements of Income) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jul. 01, 2013
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Net sales   $ 737,547 $ 736,663 $ 743,437 $ 667,727 $ 680,565 $ 652,351 $ 679,759 $ 596,938 $ 2,885,374 $ 2,609,613 $ 2,107,822
Cost of sales     576,755 577,176 529,846 524,840 502,742 529,400 489,776 2,271,243 2,046,758 1,579,540
Gross profit   150,081 159,908 166,261 137,881 155,725 149,609 150,359 107,162 614,131 562,855 528,282
Selling, general and administrative expenses     78,890 68,981 75,550 71,337 72,510 78,244 80,735 303,763 302,827 279,510
Amortization of acquired intangibles     4,553 4,704 4,639 4,462 4,647 4,267 4,471 18,869 17,846 15,440
Tradename impairment           0 0 0 0      
Acquisition related expenses, restructuring and integration charges     5,317 2,498 3,420 2,587 4,298 (149) 1,584 16,867 8,320 10,187
Operating income   (65,138) 71,148 90,078 54,272 77,339 68,154 67,997 20,372 150,360 233,862 216,746
Interest and other financing expense, net     6,920 6,131 6,467 6,420 6,298 6,542 6,713 25,161 25,973 24,366
Other (income)/expense, net     378 3,234 5,401 (3,968) 3,886 2,272 2,499 16,543 4,689 (4,780)
Gain on sale of business           (1,378) (1,544) 0 (6,747) 0 (9,669) 0
Gain on fire insurance recovery     (9,013) 0 0         (9,752) 0 0
Income before income taxes and equity in earnings of equity-method investees   (77,572) 72,863 80,713 42,404 76,265 59,514 59,183 17,907 118,408 212,869 197,160
Provision for income taxes     23,914 22,602 13,330 4,287 21,500 19,838 2,911 70,932 48,535 69,608
Equity in net loss (income) of equity-method investees     161 31 (84) (174) 13 (308) (159) 47 (628) (3,999)
Net income   $ (88,597) $ 48,788 $ 58,080 $ 29,158 $ 72,152 $ 38,001 $ 39,653 $ 15,155 $ 47,429 $ 164,962 $ 129,922
Net income per common share:                        
Basic (USD per share)   $ (0.86) $ 0.47 $ 0.56 $ 0.28 $ 0.70 $ 0.37 $ 0.39 $ 0.15 $ 0.46 $ 1.62 $ 1.33
Diluted (USD per share)   $ (0.86) $ 0.47 $ 0.56 $ 0.28 $ 0.69 $ 0.37 $ 0.38 $ 0.15 $ 0.46 $ 1.60 $ 1.30
Shares used in the calculation of net income per common share:                        
Basic (shares)     103,265 103,017 102,807 102,610 102,252 101,267 100,682 103,135 101,703 97,750
Diluted (shares)     104,087 104,161 104,258 104,005 103,796 103,226 102,656 104,183 103,421 100,006
As Reported                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Net sales     $ 749,862 $ 752,589 $ 687,188 $ 698,136 $ 662,739 $ 696,383 $ 631,257   $ 2,688,515 $ 2,153,611
Cost of sales     576,653 575,026 535,141 530,439 504,990 529,056 505,413   2,069,898 1,586,418
Gross profit     173,209 177,563 152,047 167,697 157,749 167,327 125,844   618,617 567,193
Selling, general and administrative expenses     93,915 82,607 86,254 85,904 83,068 88,621 90,924   348,517 311,288
Amortization of acquired intangibles     4,586 4,736 4,672 4,494 4,679 4,303 4,509   17,985 15,600
Tradename impairment           0 5,510 0 0      
Acquisition related expenses, restructuring and integration charges     5,701 2,498 3,653 2,587 4,298 391 1,584   8,860 12,568
Operating income     69,007 87,722 57,468 74,712 60,194 74,012 28,827   237,745 227,737
Interest and other financing expense, net     6,920 6,131 6,467 6,420 6,298 6,542 6,762   26,022 24,691
Other (income)/expense, net     378 3,234 5,401 (3,968) 3,886 2,272 2,499   4,689 (4,548)
Gain on sale of business           (1,378) (1,544) 0 (5,334)   (8,256) 0
Gain on fire insurance recovery     (9,013) 0 0              
Income before income taxes and equity in earnings of equity-method investees     70,722 78,357 45,600 73,638 51,554 65,198 24,900   215,290 207,594
Provision for income taxes     21,576 21,379 14,382 2,740 18,147 20,931 6,065   47,883 70,099
Equity in net loss (income) of equity-method investees     161 31 (84) (174) 13 (308) (20)   (489) (3,985)
Net income     $ 48,985 $ 56,947 $ 31,302 $ 71,072 $ 33,394 $ 44,575 $ 18,855   $ 167,896 $ 139,851
Net income per common share:                        
Basic (USD per share)     $ 0.47 $ 0.55 $ 0.30 $ 0.69 $ 0.33 $ 0.44 $ 0.19   $ 1.65 $ 1.43
Diluted (USD per share)     $ 0.47 $ 0.55 $ 0.30 $ 0.68 $ 0.32 $ 0.43 $ 0.18   $ 1.62 $ 1.40
Shares used in the calculation of net income per common share:                        
Basic (shares)     103,265 103,017 102,807 102,610 102,252 101,267 100,682   101,703 97,750
Diluted (shares)     104,087 104,161 104,258 104,005 103,796 103,226 102,656   103,421 100,006
Adjustment                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Net sales     $ (13,199) $ (9,152) $ (19,461) $ (17,571) $ (10,388) $ (16,624) $ (34,319)   $ (78,902) $ (45,789)
Cost of sales     102 2,150 (5,295) (5,599) (2,248) 344 (15,637)   (23,140) (6,878)
Gross profit     (13,301) (11,302) (14,166) (11,972) (8,140) (16,968) (18,682)   (55,762) (38,911)
Selling, general and administrative expenses     (15,025) (13,626) (10,704) (14,567) (10,558) (10,377) (10,189)   (45,690) (31,778)
Amortization of acquired intangibles     (33) (32) (33) (32) (32) (36) (38)   (139) (160)
Tradename impairment           0 (5,510) 0 0      
Acquisition related expenses, restructuring and integration charges     (384) 0 (233) 0 0 (540) 0   (540) (2,381)
Operating income     2,141 2,356 (3,196) 2,627 7,960 (6,015) (8,455)   (3,883) (10,991)
Interest and other financing expense, net     0 0 0 0 0 0 (49)   (49) (325)
Other (income)/expense, net     0 0 0 0 0 0 0   0 (232)
Gain on sale of business           0 0 0 (1,413)   (1,413) 0
Gain on fire insurance recovery     0 0 0              
Income before income taxes and equity in earnings of equity-method investees     2,141 2,356 (3,196) 2,627 7,960 (6,015) (6,993)   (2,421) (10,434)
Provision for income taxes     2,338 1,223 (1,052) 1,547 3,353 (1,093) (3,154)   652 (491)
Equity in net loss (income) of equity-method investees     0 0 0 0 0 0 (139)   (139) (14)
Net income $ (30,688)   $ (197) $ 1,133 $ (2,144) $ 1,080 $ 4,607 $ (4,922) $ (3,700)   $ (2,934) $ (9,929)
Net income per common share:                        
Basic (USD per share)     $ 0.00 $ 0.01 $ (0.02) $ 0.01 $ 0.05 $ (0.05) $ (0.04)   $ (0.03) $ (0.10)
Diluted (USD per share)     $ 0.00 $ 0.01 $ (0.02) $ 0.01 $ 0.04 $ (0.05) $ (0.04)   $ (0.03) $ (0.10)
Shares used in the calculation of net income per common share:                        
Basic (shares)     103,265 103,017 102,807 102,610 102,252 101,267 100,682   101,703 97,750
Diluted (shares)     104,087 104,161 104,258 104,005 103,796 103,226 102,656   103,421 100,006