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Quarterly Results of Operations (unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (unaudited) | Note 23 Quarterly Results of Operations (unaudited) (Amounts in thousands, except per share data)
|  | 2014 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales of tangible products |  | $ | 261,892 |  |  | $ | 270,049 |  |  | $ | 282,643 |  |  | $ | 683,978 |
Revenue from services and software |  |  | 26,376 |  |  |  | 18,372 |  |  |  | 20,629 |  |  |  | 106,633 |
Total net sales |  |  | 288,268 |  |  |  | 288,421 |  |  |  | 303,272 |  |  |  | 790,611 |
Cost of Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales of tangible products |  |  | 130,449 |  |  |  | 136,962 |  |  |  | 141,842 |  |  |  | 382,884 |
Cost of sales services and software |  |  | 9,881 |  |  |  | 9,290 |  |  |  | 9,924 |  |  |  | 71,315 |
Cost of sales |  |  | 140,330 |  |  |  | 146,252 |  |  |  | 151,766 |  |  |  | 454,199 |
Gross Profit |  |  | 147,938 |  |  |  | 142,169 |  |  |  | 151,506 |  |  |  | 336,412 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 35,416 |  |  |  | 35,755 |  |  |  | 36,781 |  |  |  | 105,352 |
Research and development |  |  | 22,857 |  |  |  | 23,710 |  |  |  | 25,225 |  |  |  | 79,311 |
General and administrative |  |  | 28,391 |  |  |  | 26,321 |  |  |  | 24,741 |  |  |  | 58,761 |
Amortization of intangible assets |  |  | 2,672 |  |  |  | 2,667 |  |  |  | 2,597 |  |  |  | 46,160 |
Acquisition costs |  |  | 4,927 |  |  |  | 20,364 |  |  |  | 35,326 |  |  |  | 66,094 |
Exit and restructuring costs |  |  | 267 |  |  |  | 287 |  |  |  | (120 | ) |  |  | 5,573 |
Total operating expenses |  |  | 94,530 |  |  |  | 109,104 |  |  |  | 124,550 |  |  |  | 361,251 |
Operating income (loss) |  |  | 53,408 |  |  |  | 33,065 |  |  |  | 26,956 |  |  |  | (24,839) |
Other income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss) |  |  | 421 |  |  |  | 379 |  |  |  | (2,448 | ) |  |  | 934 |
Foreign exchange income (loss) |  |  | (292 | ) |  |  | 43 |  |  |  | (83 | ) |  |  | (8,427) |
Gain (loss) on forward interest rate swap |  |  | 0 |  |  |  | (2,433 | ) |  |  | 185 |  |  |  | (2,401) |
Interest expense |  |  | (18 | ) |  |  | (87 | ) |  |  | (14 | ) |  |  | (56,715) |
Other, net |  |  | 26 |  |  |  | 30 |  |  |  | 210 |  |  |  | (1,271) |
Total other income (loss) |  |  | 137 |  |  |  | (2,068 | ) |  |  | (2,150 | ) |  |  | (67,880) |
Income (loss) before income taxes |  |  | 53,545 |  |  |  | 30,997 |  |  |  | 24,806 |  |  |  | (92,719) |
Income tax (benefit) |  |  | 11,939 |  |  |  | 3,440 |  |  |  | 9,861 |  |  |  | (41,040) |
Net income (loss) |  | $ | 41,606 |  |  | $ | 27,557 |  |  | $ | 14,945 |  |  | $ | (51,679) |
Basic earnings per share: |  | $ | 0.83 |  |  | $ | 0.54 |  |  | $ | 0.29 |  |  | $ | (1.02) |
Diluted earnings per share: |  | $ | 0.82 |  |  | $ | 0.54 |  |  | $ | 0.29 |  |  | $ | (1.02) |
Basic weighted average shares outstanding |  |  | 50,402 |  |  |  | 50,606 |  |  |  | 50,835 |  |  |  | 50,452 |
Diluted weighted average and equivalent shares outstanding |  |  | 50,974 |  |  |  | 51,278 |  |  |  | 51,461 |  |  |  | 50,452 |
|  | 2013 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales of tangible products |  | $ | 225,121 |  |  | $ | 239,909 |  |  | $ | 249,919 |  |  | $ | 269,583 |
Revenue from services and software |  |  | 11,816 |  |  |  | 13,251 |  |  |  | 13,604 |  |  |  | 14,956 |
Total net sales |  |  | 236,937 |  |  |  | 253,160 |  |  |  | 263,523 |  |  |  | 284,539 |
Cost of Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales of tangible products |  |  | 117,111 |  |  |  | 125,664 |  |  |  | 128,191 |  |  |  | 136,547 |
Cost of sales services and software |  |  | 6,761 |  |  |  | 6,589 |  |  |  | 6,722 |  |  |  | 6,964 |
Cost of sales |  |  | 123,872 |  |  |  | 132,253 |  |  |  | 134,913 |  |  |  | 143,511 |
Gross Profit |  |  | 113,065 |  |  |  | 120,907 |  |  |  | 128,610 |  |  |  | 141,028 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 33,515 |  |  |  | 33,830 |  |  |  | 34,395 |  |  |  | 36,280 |
Research and development |  |  | 21,858 |  |  |  | 23,201 |  |  |  | 22,376 |  |  |  | 23,712 |
General and administrative |  |  | 25,277 |  |  |  | 24,053 |  |  |  | 22,452 |  |  |  | 24,434 |
Amortization of intangible assets |  |  | 1,863 |  |  |  | 1,863 |  |  |  | 1,831 |  |  |  | 1,826 |
Acquisition costs |  |  | 482 |  |  |  | 618 |  |  |  | 268 |  |  |  | 3,322 |
Exit and restructuring costs |  |  | 1,895 |  |  |  | 1,101 |  |  |  | 519 |  |  |  | 2,375 |
Total operating expenses |  |  | 84,890 |  |  |  | 84,666 |  |  |  | 81,841 |  |  |  | 91,949 |
Operating income |  |  | 28,175 |  |  |  | 36,241 |  |  |  | 46,769 |  |  |  | 49,079 |
Other income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income |  |  | 677 |  |  |  | 473 |  |  |  | 550 |  |  |  | 666 |
Foreign exchange loss |  |  | (98 | ) |  |  | (462 | ) |  |  | (173 | ) |  |  | 209 |
Interest income (expense) |  |  | (47 | ) |  |  | (9 | ) |  |  | (11 | ) |  |  | (30) |
Other, net |  |  | 57 |  |  |  | 1,473 |  |  |  | 6 |  |  |  | 282 |
Total other income |  |  | 589 |  |  |  | 1,475 |  |  |  | 372 |  |  |  | 1,127 |
Income from continuing operations before income taxes |  |  | 28,764 |  |  |  | 37,716 |  |  |  | 47,141 |  |  |  | 50,206 |
Income taxes |  |  | 5,222 |  |  |  | 7,158 |  |  |  | 8,541 |  |  |  | 8,681 |
Income from continuing operations |  |  | 23,542 |  |  |  | 30,558 |  |  |  | 38,600 |  |  |  | 41,525 |
Income from discontinued operations, net of tax |  |  | 0 |  |  |  | 8 |  |  |  | 0 |  |  |  | 125 |
Net income |  | $ | 23,542 |  |  | $ | 30,566 |  |  | $ | 38,600 |  |  | $ | 41,650 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.46 |  |  | $ | 0.60 |  |  | $ | 0.76 |  |  | $ | 0.83 |
Income from discontinued operations |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |
Net Income |  | $ | 0.46 |  |  | $ | 0.60 |  |  | $ | 0.76 |  |  | $ | 0.83 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.46 |  |  | $ | 0.60 |  |  | $ | 0.76 |  |  | $ | 0.82 |
Income from discontinued operations |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |  |  |  | 0.00 |
Net Income |  | $ | 0.46 |  |  | $ | 0.60 |  |  | $ | 0.76 |  |  | $ | 0.82 |
Basic weighted average shares outstanding |  |  | 50,980 |  |  |  | 50,990 |  |  |  | 50,590 |  |  |  | 50,289 |
Diluted weighted average and equivalent shares outstanding |  |  | 51,366 |  |  |  | 51,283 |  |  |  | 50,924 |  |  |  | 50,666 |

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