XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales $ 257,046 $ 264,162 $ 762,338 $ 764,996
Cost of sales 179,819 184,081 539,802 541,291
Gross profit 77,227 80,081 222,536 223,705
Selling, general and administrative expenses 48,811 50,615 145,252 150,813
Litigation charge 0 0 10,650 0
Restructuring and integration expenses 343 1,913 1,069 2,531
Other income, net 268 324 801 766
Operating income 28,341 27,877 66,366 71,127
Other non-operating income (expense), net (955) 233 (1,061) (27)
Interest expense 440 403 1,205 1,621
Earnings from continuing operations before taxes 26,946 27,707 64,100 69,479
Provision for income taxes 9,140 10,021 22,718 25,827
Earnings from continuing operations 17,806 17,686 41,382 43,652
Loss from discontinued operations, net of income taxes (8,240) (389) (9,451) (1,138)
Net earnings $ 9,566 $ 17,297 $ 31,931 $ 42,514
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.78 $ 0.77 $ 1.81 $ 1.90
Discontinued operations (in dollars per share) $ (0.36) $ (0.02) $ (0.42) $ (0.05)
Net earnings per common share - Basic (in dollars per share) $ 0.42 $ 0.75 $ 1.39 $ 1.85
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) $ 0.77 $ 0.76 $ 1.79 $ 1.88
Discontinued operations (in dollars per share) $ (0.36) $ (0.02) $ (0.41) $ (0.05)
Net earnings per common share - Diluted (in dollars per share) $ 0.41 $ 0.74 $ 1.38 $ 1.83
Dividends declared per share (in dollars per share) $ 0.13 $ 0.11 $ 0.39 $ 0.33
Average number of common shares (in shares) 22,884,939 22,999,832 22,901,832 22,945,424
Average number of common shares and dilutive common shares (in shares) 23,169,173 23,239,009 23,180,842 23,179,187