| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Gross sales | |||||||||
514,997 | 525,936 | 491,538 | 433,856 | 374,150 | 317,212 | 277,931 | 254,475 | 226,436 | 236,277 |
Commissions, allowances and rebates | |||||||||
1,018 | 1,995 | 2,369 | 1,949 | 2,306 | 1,351 | 2,503 | 1,776 | 1,545 | 1,402 |
Net sales | |||||||||
513,979 | 523,941 | 489,169 | 431,907 | 371,844 | 315,861 | 275,428 | 252,699 | 224,891 | 234,875 |
Other revenues, net | |||||||||
18,114 | 10,515 | 1,475 | 1,419 | 2,769 | 2,315 | 1,073 | 2,954 | 2,101 | -325 |
Net revenue | |||||||||
532,093 | 534,456 | 490,644 | 433,326 | 374,613 | 318,176 | 276,501 | 255,653 | 226,992 | 234,550 |
Total cost of goods sold | |||||||||
335,405 | 304,153 | 286,256 | 256,361 | 250,815 | 215,272 | 186,014 | 181,569 | 160,126 | 164,272 |
Gross profit | |||||||||
196,688 | 230,303 | 204,388 | 176,965 | 123,798 | 102,904 | 90,487 | 74,084 | 66,866 | 70,278 |
Operating expenses: | |||||||||
Selling, general and administrative expenses | |||||||||
68,506 | 68,984 | 58,042 | 57,867 | 52,489 | 47,568 | 45,248 | 39,227 | 34,024 | 35,711 |
Research and development expenses | |||||||||
15,547 | 16,901 | 14,292 | 12,540 | 13,075 | 10,387 | 9,544 | 11,037 | 10,305 | 7,929 |
Merger, acquisition and integration expenses | |||||||||
11,139 | - | 840 | - | - | - | - | - | 997 | 0 |
Loss on voluntary pension settlement | |||||||||
- | - | - | - | -7,170 | 0 | 0 | - | - | - |
Gain on sale of asset | |||||||||
- | - | - | - | 1,234 | 4,680 | 0 | 0 | - | - |
Restructuring expenses | |||||||||
- | - | 1,158 | 15,573 | 0 | 0 | - | - | 1,293 | 0 |
Total operating expenses | |||||||||
95,192 | 85,885 | 74,332 | 85,980 | 65,564 | 57,955 | 54,792 | 50,264 | - | - |
Operating profit | |||||||||
101,496 | 144,418 | 130,056 | 90,985 | 52,298 | 49,629 | 35,695 | 23,820 | 20,247 | 26,638 |
Other expenses/(income): | |||||||||
Interest expense, net | |||||||||
-3,967 | -1,253 | -717 | -1,699 | -2,174 | -2,242 | -2,439 | 2,373 | 4,391 | 4,634 |
Loss/(gain) on investment in equity securities | |||||||||
13,023 | - | - | - | - | - | - | - | - | - |
Equity in losses of partially-owned affiliates | |||||||||
- | - | - | - | -4,623 | -2,262 | -1,766 | -1,621 | -286 | 0 |
Other expenses, net | |||||||||
-747 | -1,340 | -1,800 | 279 | 5 | -118 | -122 | 111 | -596 | 641 |
Income before income taxes | |||||||||
109,805 | 141,825 | 127,539 | 89,565 | 45,506 | 45,007 | 31,368 | 19,937 | 14,974 | 22,645 |
Provision for/(benefit from) income taxes | |||||||||
16,596 | 38,061 | 40,214 | 32,389 | -12,627 | 14,732 | -31,861 | 6,202 | 5,665 | 12,253 |
Income from continuing operations | |||||||||
93,209 | 103,764 | 87,325 | 57,176 | 58,133 | 30,275 | 63,229 | 13,735 | 9,309 | 10,392 |
Income/(loss) from discontinued operations, net of tax | |||||||||
-791 | -1,314 | -5,647 | 41 | -830 | -4,360 | -926 | -2,767 | 338 | 0 |
Net income | |||||||||
92,418 | 102,450 | 81,678 | 57,217 | 57,303 | 25,915 | 62,303 | 10,968 | 9,647 | 10,392 |
Basic earnings/(loss) per share of common stock: | |||||||||
Income from continuing operations | |||||||||
2.80 | 3.18 | 2.72 | 1.82 | 1.89 | 1.00 | 2.13 | 0.46 | 0.32 | 0.36 |
Income/(loss) from discontinued operations, net of tax | |||||||||
-0.02 | -0.04 | -0.17 | 0.00 | -0.03 | -0.14 | -0.03 | -0.09 | 0.01 | 0.00 |
Net income | |||||||||
2.78 | 3.14 | 2.55 | 1.82 | 1.86 | 0.86 | 2.10 | 0.37 | 0.33 | 0.36 |
Diluted earnings/(loss) per share of common stock: | |||||||||
Income from continuing operations | |||||||||
2.77 | 3.10 | 2.65 | 1.76 | 1.84 | 0.98 | 2.09 | 0.46 | 0.32 | 0.36 |
Income/(loss) from discontinued operations, net of tax | |||||||||
-0.02 | -0.04 | -0.17 | 0.00 | -0.03 | -0.14 | -0.03 | -0.09 | 0.01 | 0.00 |
Net income | |||||||||
2.75 | 3.06 | 2.48 | 1.76 | 1.81 | 0.84 | 2.06 | 0.37 | 0.33 | 0.36 |
Weighted average shares outstanding: | |||||||||
Basic | |||||||||
33 | 32 | 32 | 31,420 | 30,763 | 30,150 | 29,703 | 29,468 | 29 | 29 |
Effect of dilutive stock based compensation | |||||||||
0 | 0 | 0 | 1,135 | 880 | 751 | 611 | 96 | 0 | 0 |
Diluted | |||||||||
33 | 33 | 32 | 32,555 | 31,643 | 30,901 | 30,314 | 29,564 | 29 | 29 |