| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
424,625 | 433,732 | 402,440 | 393,761 | 377,698 | 364,768 | 334,122 | 319,660 | 262,915 | 276,634 | 250,337 |
Cost of sales | ||||||||||
261,097 | 271,383 | 246,694 | 243,185 | 241,922 | 233,626 | 217,133 | 197,414 | 173,095 | 173,810 | 153,323 |
Gross margin | ||||||||||
163,528 | 162,349 | 155,746 | 150,576 | 135,776 | 131,142 | 116,989 | 122,246 | 89,820 | 102,824 | 97,014 |
Selling, engineering and administration | ||||||||||
101,380 | 105,480 | 99,151 | 97,904 | 93,407 | 85,095 | 77,882 | 77,777 | 62,286 | 58,001 | 54,771 |
Operating earnings | ||||||||||
62,148 | 56,869 | 56,595 | 52,672 | 42,369 | 46,047 | 39,107 | 44,469 | 27,534 | 44,823 | 42,243 |
Interest expense, net | ||||||||||
-253 | -1,157 | -789 | -921 | -1,217 | -1,135 | -1,098 | -998 | -185 | -385 | 90 |
Other pension and postretirement costs | ||||||||||
288 | 19,860 | 973 | 1,907 | - | - | - | - | - | - | - |
Earnings before income taxes | ||||||||||
61,607 | 35,852 | 54,833 | 49,844 | 41,152 | 44,912 | 38,009 | 43,471 | 27,349 | 44,438 | 42,333 |
Provision for income taxes | ||||||||||
14,430 | 8,062 | 20,262 | 17,549 | 15,214 | 15,234 | 13,392 | 15,439 | 8,188 | 15,776 | 15,553 |
Earnings from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 26,780 |
Earnings from discontinued operations net of income taxes (Note 8) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,390 |
Net earnings | ||||||||||
47,177 | 27,790 | 34,571 | 32,295 | 25,938 | 29,678 | 24,617 | 28,032 | 19,161 | 28,662 | 34,170 |
Earnings per share: | ||||||||||
Basic | ||||||||||
Basic | ||||||||||
1.63 | 0.96 | 1.20 | 1.12 | - | - | - | - | - | - | 2.31 |
from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0.50 |
Basic (in dollars per share) | ||||||||||
- | - | - | - | 0.90 | 1.04 | 1.71 | 1.96 | 1.28 | 1.92 | 1.81 |
Diluted: | ||||||||||
Diluted | ||||||||||
1.61 | 0.95 | 1.19 | 1.11 | - | - | - | - | - | - | 2.28 |
from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0.49 |
Diluted (in dollars per share) | ||||||||||
- | - | - | - | 0.90 | 1.03 | 1.70 | 1.95 | 1.27 | 1.91 | 1.79 |
Shares used in computation of earnings per share: | ||||||||||
Basic | ||||||||||
29 | 28 | 28 | 28 | 28,759 | 28,613 | 14,362 | 14,332 | 14,971 | 14,906 | 14,800 |
Impact of dilutive securities | ||||||||||
0 | 0 | 0 | 0 | 135 | 144 | 78 | 67 | 78 | 100 | 148 |
Diluted | ||||||||||
29 | 29 | 29 | 29 | 28,894 | 28,757 | 14,440 | 14,399 | 15,049 | 15,006 | 14,948 |