XML 42 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
Net Sales $ 278,724 $ 257,113 $ 716,484 $ 665,957
Cost of goods sold(1) 188,328 [1] 172,745 [1] 498,037 [1] 460,570
Gross Profit 90,396 84,368 218,447 205,387
Operating expenses        
Marketing (2) 23,201 [2] 21,274 [2] 62,674 [2] 56,825
Distribution (3) 20,429 [3] 19,314 [3] 55,583 [3] 51,816
Administrative (4) 7,910 [4] 7,883 [4] 22,897 [4] 21,648
Other general expense 45 234 67 1,132
51,585 48,705 141,221 131,421
Operating Income 38,811 35,663 77,226 73,966
Other income (expense)        
Investment (loss) income (53) 1,159 2,579 3,273
Interest expense & other (34) (26) (88) (89)
Earnings before income taxes 38,724 36,796 79,717 77,150
Income taxes 14,262 13,118 29,362 27,525
NET EARNINGS $ 24,462 $ 23,678 $ 50,355 $ 49,625
Earnings per diluted share (in Dollars per share) $ 1.30 $ 1.26 $ 2.68 $ 2.64
Weighted average number of diluted shares (in Shares) 18,823 18,832 18,815 18,814
Earnings per basic share (in Dollars per share) $ 1.31 $ 1.27 $ 2.70 $ 2.66
Weighted average number of basic shares (in Shares) 18,691 18,686 18,683 18,686
[1] Includes share-based compensation expense of $134 and $354 for the three months and nine months ended June 27, 2015, respectively and $136 and $371 for the three months and nine months ended June 28, 2014.
[2] Includes share-based compensation expense of $201 and $531 for the three months and nine months ended June 27,2015, respectively and $190 and $530 for the three months and nine months ended June 28, 2014.
[3] Includes share-based compensation expense of $12 and $33 for the three months and nine months ended June 27, 2015, respectively and $12 and $33 for the three months and nine months ended June 28, 2014.
[4] Includes share-based compensation expense of $269 and $707 for the three months and nine months ended June 27, 2015, respectively and $251 and $704 for the three months and nine months ended June 28, 2014.