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Consolidated Statements of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales      
Net sales of tangible products $ 1,498,562us-gaap_SalesRevenueGoodsNet $ 984,532us-gaap_SalesRevenueGoodsNet $ 948,227us-gaap_SalesRevenueGoodsNet
Revenue from services and software 172,010us-gaap_SalesRevenueServicesNet 53,627us-gaap_SalesRevenueServicesNet 47,941us-gaap_SalesRevenueServicesNet
Total net sales 1,670,572us-gaap_SalesRevenueNet 1,038,159us-gaap_SalesRevenueNet 996,168us-gaap_SalesRevenueNet
Cost of sales      
Cost of sales of tangible products 792,137us-gaap_CostOfGoodsSold 507,513us-gaap_CostOfGoodsSold 479,633us-gaap_CostOfGoodsSold
Cost of services and software 100,410us-gaap_CostOfServices 27,036us-gaap_CostOfServices 24,891us-gaap_CostOfServices
Total cost of sales 892,547us-gaap_CostOfGoodsAndServicesSold 534,549us-gaap_CostOfGoodsAndServicesSold 504,524us-gaap_CostOfGoodsAndServicesSold
Gross profit 778,025us-gaap_GrossProfit 503,610us-gaap_GrossProfit 491,644us-gaap_GrossProfit
Operating expenses:      
Selling and marketing 213,304us-gaap_SellingAndMarketingExpense 138,020us-gaap_SellingAndMarketingExpense 129,906us-gaap_SellingAndMarketingExpense
Research and development 151,103us-gaap_ResearchAndDevelopmentExpense 91,147us-gaap_ResearchAndDevelopmentExpense 87,364us-gaap_ResearchAndDevelopmentExpense
General and administrative 138,214us-gaap_GeneralAndAdministrativeExpense 96,216us-gaap_GeneralAndAdministrativeExpense 92,167us-gaap_GeneralAndAdministrativeExpense
Amortization of intangible assets 54,096us-gaap_AmortizationOfIntangibleAssets 7,383us-gaap_AmortizationOfIntangibleAssets 4,673us-gaap_AmortizationOfIntangibleAssets
Acquisition and integration costs 126,711us-gaap_BusinessCombinationAcquisitionRelatedCosts 4,690us-gaap_BusinessCombinationAcquisitionRelatedCosts 3,109us-gaap_BusinessCombinationAcquisitionRelatedCosts
Exit and restructuring costs 6,007us-gaap_RestructuringCharges 5,890us-gaap_RestructuringCharges 960us-gaap_RestructuringCharges
Asset impairment charge 0us-gaap_GoodwillAndIntangibleAssetImpairment 0us-gaap_GoodwillAndIntangibleAssetImpairment 9,114us-gaap_GoodwillAndIntangibleAssetImpairment
Total operating expenses 689,435us-gaap_OperatingExpenses 343,346us-gaap_OperatingExpenses 327,293us-gaap_OperatingExpenses
Operating income 88,590us-gaap_OperatingIncomeLoss 160,264us-gaap_OperatingIncomeLoss 164,351us-gaap_OperatingIncomeLoss
Other income (expense):      
Investment income gain (loss) (714)us-gaap_GainLossOnInvestments 2,366us-gaap_GainLossOnInvestments 2,485us-gaap_GainLossOnInvestments
Foreign exchange loss (8,759)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (524)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (941)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Forward swaps loss (4,649)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Interest expense (56,836)us-gaap_InterestExpense (98)us-gaap_InterestExpense (207)us-gaap_InterestExpense
Other, net (1,003)us-gaap_OtherNonoperatingIncomeExpense 1,819us-gaap_OtherNonoperatingIncomeExpense (1,514)us-gaap_OtherNonoperatingIncomeExpense
Total other (expense) income (71,961)us-gaap_NonoperatingIncomeExpense 3,563us-gaap_NonoperatingIncomeExpense (177)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes 16,629us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 163,827us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 164,174us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes (15,800)us-gaap_IncomeTaxExpenseBenefit 29,602us-gaap_IncomeTaxExpenseBenefit 42,277us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 32,429us-gaap_IncomeLossFromContinuingOperations 134,225us-gaap_IncomeLossFromContinuingOperations 121,897us-gaap_IncomeLossFromContinuingOperations
Income from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 133us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 1,007us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income $ 32,429us-gaap_NetIncomeLoss $ 134,358us-gaap_NetIncomeLoss $ 122,904us-gaap_NetIncomeLoss
Basic earnings per share      
Income from continuing operations $ 0.64us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.65us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.36us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income $ 0.64us-gaap_EarningsPerShareBasic $ 2.65us-gaap_EarningsPerShareBasic $ 2.38us-gaap_EarningsPerShareBasic
Diluted earnings per share      
Income (loss) from continuing operations $ 0.63us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.63us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income $ 0.63us-gaap_EarningsPerShareDiluted $ 2.63us-gaap_EarningsPerShareDiluted $ 2.37us-gaap_EarningsPerShareDiluted
Basic weighted average shares outstanding 50,789us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 50,693us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 51,566us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average and equivalent shares outstanding 51,380us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 51,063us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 51,843us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding