| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
1,503,873 | 1,718,468 | 1,221,534 | 1,056,159 | 867,864 | 851,995 | 757,853 | 667,913 | 664,955 | 608,021 | 430,147 |
Cost of sales | ||||||||||
962,424 | 1,065,927 | 715,001 | 643,042 | 537,365 | 527,567 | 461,621 | 409,446 | 408,261 | 374,149 | 304,786 |
Gross profit | ||||||||||
541,449 | 652,541 | 506,533 | 413,117 | 330,499 | 324,428 | 296,232 | 258,467 | 256,694 | 233,872 | 125,361 |
Selling, general, and administrative expenses | ||||||||||
228,093 | 288,001 | 212,833 | 206,129 | 153,714 | 146,975 | 132,657 | 124,277 | 116,740 | 103,671 | 88,506 |
Research and development expenses | ||||||||||
80,539 | 87,301 | 50,489 | 42,198 | 30,802 | 31,122 | 24,415 | 21,231 | 19,439 | 17,602 | 18,134 |
Pension settlement expenses | ||||||||||
- | - | - | - | -29,928 | 0 | 0 | - | - | - | - |
Amortization of intangibles | ||||||||||
40,000 | 52,200 | 24,700 | 19,337 | 11,898 | 12,501 | 9,279 | 6,089 | 6,611 | 5,025 | 5,026 |
Goodwill and Intangible Asset Impairment | ||||||||||
- | - | - | 14,809 | 0 | 0 | - | - | - | - | - |
Total operating expenses | ||||||||||
348,658 | 427,492 | 288,022 | 282,473 | 226,342 | 190,598 | 166,351 | 151,597 | 142,790 | 126,298 | 111,666 |
Operating income | ||||||||||
192,791 | 225,049 | 218,511 | 130,644 | 104,157 | 133,830 | 129,881 | 106,870 | 113,904 | 107,574 | 13,695 |
Interest expense | ||||||||||
22,266 | 22,569 | 13,380 | 8,628 | 4,091 | 4,903 | 2,917 | 1,701 | 1,691 | 1,437 | 2,377 |
Impairment and equity in net loss of unconsolidated affiliate | ||||||||||
- | - | - | - | - | - | 10,678 | 7,334 | 0 | 0 | - |
Foreign exchange loss | ||||||||||
-5,224 | 863 | -2,376 | -472 | 1,465 | -3,925 | 3,303 | -3,179 | -1,238 | - | - |
Other expense, net | ||||||||||
583 | 1,599 | 1,282 | 1,730 | 5,417 | 6,644 | 4,646 | 5,396 | 4,126 | 1,542 | -481 |
Income before income taxes | ||||||||||
165,884 | 204,942 | 204,037 | 123,274 | 106,948 | 131,646 | 124,236 | 100,052 | 115,101 | 107,679 | 10,837 |
Income taxes | ||||||||||
26,802 | 40,377 | 84,518 | 18,786 | 26,082 | 33,546 | 35,451 | 24,720 | 28,077 | 29,016 | 1,426 |
Net income | ||||||||||
139,082 | 164,565 | 119,519 | 104,488 | 80,866 | 98,100 | 88,784 | 75,332 | 87,024 | 78,663 | 9,411 |
Income per share: | ||||||||||
Basic (in dollars per share) | ||||||||||
5.66 | 6.62 | 5.27 | 4.63 | 3.58 | 4.35 | 3.98 | 3.45 | 3.96 | 3.58 | 0.43 |
Diluted (in dollars per share) | ||||||||||
5.60 | 6.52 | 5.21 | 4.60 | 3.56 | 4.32 | 3.94 | 3.40 | 3.90 | 3.52 | 0.43 |
Weighted-average shares and equivalent shares outstanding: | ||||||||||
Basic (in shares) | ||||||||||
24,576 | 24,870 | 22,687 | 22,559 | 22,565 | 22,543 | 22,315 | 21,822 | 21,901 | 21,875 | 21,743 |
Diluted (in shares) | ||||||||||
24,818 | 25,235 | 22,931 | 22,727 | 22,719 | 22,727 | 22,537 | 22,098 | 22,255 | 22,214 | 21,812 |