| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
898,260 | 879,091 | 821,043 | 656,314 | 641,443 | 610,911 | 537,482 | 498,761 | 548,341 | 373,230 | 291,597 |
Cost of sales | ||||||||||
583,968 | 568,308 | 502,468 | 406,829 | 406,081 | 376,158 | 348,945 | 340,015 | 369,356 | 236,281 | 209,369 |
Gross margin | ||||||||||
314,292 | 310,783 | 318,575 | 249,485 | 235,362 | 234,753 | 188,537 | 158,746 | 178,985 | 136,949 | 82,228 |
Selling, General and Administrative Expense | ||||||||||
168,682 | 164,046 | 161,651 | 139,272 | 131,463 | 125,244 | 106,398 | 99,689 | 103,532 | 87,620 | 68,000 |
Research and Development Expense | ||||||||||
31,685 | 33,075 | 29,547 | 28,582 | 27,644 | 22,878 | 21,646 | 19,311 | 21,530 | 17,754 | 17,394 |
Restructuring and impairment charges | ||||||||||
2,485 | 4,038 | 3,567 | 734 | 0 | 5,390 | 10,376 | 14,082 | 441 | 0 | 22,661 |
Gain (Loss) on Disposition of Assets | ||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - |
Other operating expense, net | ||||||||||
-959 | 3,087 | 5,329 | - | - | - | - | - | - | - | - |
Operating income | ||||||||||
110,481 | 112,711 | 129,139 | 80,897 | 76,255 | 81,241 | 50,117 | 25,664 | 53,482 | 31,575 | -25,827 |
Equity income in unconsolidated joint ventures | ||||||||||
5,319 | 5,501 | 4,898 | 4,146 | 2,890 | 4,123 | 4,326 | 4,743 | 5,451 | 8,658 | 5,462 |
Pension settlement charges | ||||||||||
-53,213 | 0 | 0 | - | - | - | - | - | - | - | - |
Other (expense) income, net | ||||||||||
-592 | -994 | 5,019 | 1,167 | -8,492 | -1,194 | -1,240 | -208 | 1,942 | 1,364 | 1,056 |
Increase (decrease) in fair value of investments | ||||||||||
- | - | - | - | - | - | - | -522 | -14 | 1,271 | 1,507 |
Less: Portion reclassified to/from other comprehensive income | ||||||||||
- | - | - | - | - | - | - | 2,723 | 182 | 1,824 | 1,871 |
Net realized gain (loss) | ||||||||||
- | - | - | - | - | - | - | -3,245 | 196 | 553 | 364 |
Interest expense, net | ||||||||||
-6,869 | -6,629 | -6,131 | -3,930 | -4,480 | -2,946 | -3,481 | -4,304 | -4,911 | 184 | 377 |
Business Combination, Bargain Purchase, Gain Recognized, Amount | ||||||||||
- | - | - | - | - | - | - | - | - | 3,173 | 2,908 |
Income before income tax expense | ||||||||||
55,126 | 110,589 | 132,925 | 82,280 | 66,173 | 81,224 | 49,722 | 22,650 | 55,768 | 44,401 | -16,388 |
Income tax expense | ||||||||||
7,807 | 22,938 | 52,466 | 33,997 | 19,853 | 27,812 | 11,519 | -46,484 | 11,518 | 5,850 | 42,749 |
Income from continuing operations | ||||||||||
- | - | - | - | - | - | 38,203 | 69,134 | 44,250 | 38,551 | -59,137 |
Income from discontinued operations, net of income taxes | ||||||||||
- | - | - | - | - | - | 102 | -449 | -7,195 | -3,980 | -3,733 |
Net income | ||||||||||
47,319 | 87,651 | 80,459 | 48,283 | 46,320 | 53,412 | 38,305 | 68,685 | 37,055 | 34,571 | -62,870 |
Earnings per share: | ||||||||||
Income from continuing operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | 2.22 | 4.21 | 2.76 | 2.44 | -3.77 |
Income from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | 0.01 | -0.03 | -0.45 | -0.25 | -0.24 |
Basic earnings per share (in dollars per share) | ||||||||||
2.55 | 4.77 | 4.43 | 2.68 | 2.52 | 2.94 | 2.23 | 4.18 | 2.31 | 2.19 | -4.01 |
Income from continuing operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | 2.15 | 4.07 | 2.64 | 2.41 | -3.77 |
Income from discontinued operations (in dollars per share) | ||||||||||
- | - | - | - | - | - | 0.01 | -0.03 | -0.43 | -0.25 | -0.24 |
Diluted earnings per share (in dollars per share) | ||||||||||
2.53 | 4.70 | 4.34 | 2.65 | 2.48 | 2.86 | 2.16 | 4.04 | 2.21 | 2.16 | -4.01 |
Shares used in computing: | ||||||||||
Basic earnings per share (in shares) | ||||||||||
18,573 | 18,374 | 18,154 | 17,991 | 18,371 | 18,177 | 17,198 | 16,426 | 16,035 | 15,800 | 15,691 |
Diluted earnings per share (in shares) | ||||||||||
18,713 | 18,659 | 18,547 | 18,223 | 18,680 | 18,698 | 17,768 | 16,991 | 16,737 | 16,005 | 15,691 |