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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 162,366$ 146,447$ 472,713$ 435,881
Cost of sales86,91980,750256,819239,370
Gross profit75,44765,697215,894196,511
Operating expenses:    
Research and development and other engineering6,8045,71519,74316,156
Selling18,63315,94655,52747,429
General and administrative25,17420,00172,25057,457
Loss (gain) on sale of assets(46)(5,217)1(4,813)
Total operating expenses50,56536,445147,521116,229
Income from operations24,88229,25268,37380,282
Income (loss) in equity method investment, before tax4,471(153)4,389(429)
Interest income, net79110258148
Income from continuing operations before taxes29,43229,20973,02080,001
Provision for income taxes from continuing operations10,05210,80127,06930,704
Income from continuing operations, net of tax19,38018,40845,95149,297
Loss from discontinued operations, net of tax (1,226) (16,212)
Net income$ 19,380$ 17,182$ 45,951$ 33,085
Basic    
Continuing operations (in dollars per share)$ 0.40$ 0.37$ 0.93$ 1.00
Discontinued operations (in dollars per share) $ (0.02) $ (0.33)
Net income (in dollars per share)$ 0.40$ 0.35$ 0.93$ 0.67
Diluted    
Continuing operations (in dollars per share)$ 0.40$ 0.37$ 0.93$ 0.99
Discontinued operations (in dollars per share) $ (0.02) $ (0.33)
Net income (in dollars per share)$ 0.40$ 0.35$ 0.93$ 0.67
Number of shares outstanding    
Basic (in shares)48,25349,42749,24749,411
Diluted (in shares)48,28849,52749,29649,548
Cash dividends declared per common share (in dollars per share)$ 0.125$ 0.10$ 0.375$ 0.30