XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales [1] $ 281,058 $ 300,795 $ 876,165 $ 828,683
Cost of sales 198,523 205,151 618,854 572,967
Gross profit 82,535 95,644 257,311 255,716
Selling, general and administrative expenses 54,800 61,277 172,236 169,033
Restructuring and integration expenses 1,132 1,115 3,914 2,127
Other income, net 316 322 946 881
Operating income 26,919 33,574 82,107 85,437
Other non-operating income, net 319 208 1,882 806
Interest expense 595 501 1,785 1,206
Earnings from continuing operations before taxes 26,643 33,281 82,204 85,037
Provision for income taxes 9,535 12,226 30,468 31,464
Earnings from continuing operations 17,108 21,055 51,736 53,573
Loss from discontinued operations, net of income taxes (3,983) (425) (5,113) (1,495)
Net earnings $ 13,125 $ 20,630 $ 46,623 $ 52,078
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.75 $ 0.93 $ 2.27 $ 2.36
Discontinued operations (in dollars per share) (0.17) (0.02) (0.22) (0.06)
Net earnings per common share - Basic (in dollars per share) 0.58 0.91 2.05 2.30
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) 0.74 0.91 2.22 2.32
Discontinued operations (in dollars per share) (0.17) (0.02) (0.22) (0.06)
Net earnings per common share - Diluted (in dollars per share) 0.57 0.89 2.00 2.26
Dividend declared per share (in dollars per share) $ 0.19 $ 0.17 $ 0.57 $ 0.51
Average number of common shares (in shares) 22,660,157 22,716,279 22,774,927 22,688,071
Average number of common shares and dilutive common shares (in shares) 23,174,700 23,097,699 23,287,052 23,044,604
[1] Segment and product line net sales include intersegment sales in our Engine Management and Temperature Control segments.