| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
1,137,913 | 1,092,051 | 1,116,143 | 1,058,482 | 971,975 | 980,392 | 983,704 | 948,916 | 874,625 | 810,910 | 735,424 |
Cost of sales | ||||||||||
806,113 | 779,264 | 789,487 | 735,995 | 690,987 | 690,762 | 693,250 | 689,247 | 645,478 | 603,304 | 558,200 |
Gross profit | ||||||||||
331,800 | 312,787 | 326,656 | 322,487 | 280,988 | 289,630 | 290,454 | 259,669 | 229,147 | 207,606 | 177,224 |
Selling, general and administrative expenses | ||||||||||
234,715 | 231,336 | 224,237 | 220,936 | 206,287 | 193,525 | 201,256 | 187,495 | 163,845 | 159,433 | 146,642 |
Litigation charge | ||||||||||
- | - | - | - | - | 10,650 | 0 | 0 | - | - | - |
Restructuring and integration expenses | ||||||||||
2,585 | 4,510 | 6,173 | 3,957 | -134 | 1,197 | 3,357 | 1,437 | 1,344 | 3,502 | 7,386 |
Other income (expense), net | ||||||||||
-5 | 4,327 | 1,275 | 1,195 | 1,025 | 1,080 | 1,022 | 694 | 941 | 2,122 | -5,565 |
Operating income | ||||||||||
94,495 | 81,268 | 97,521 | 98,789 | 75,860 | 85,338 | 86,863 | 71,431 | 64,899 | 46,793 | 17,631 |
Other non-operating income (expense), net | ||||||||||
2,587 | -411 | 1,250 | 1,337 | -220 | -1,969 | 1 | -696 | 3,370 | 425 | 3,584 |
Interest expense | ||||||||||
5,286 | 4,026 | 2,329 | 1,556 | 1,537 | 1,616 | 1,902 | 2,788 | 3,821 | 7,127 | 9,215 |
Earnings from continuing operations before taxes | ||||||||||
91,796 | 76,831 | 96,442 | 98,570 | 74,103 | 81,753 | 84,962 | 67,947 | 64,448 | 40,091 | 12,000 |
Provision for income taxes | ||||||||||
22,745 | 19,977 | 52,812 | 36,158 | 25,983 | 28,854 | 31,919 | 24,978 | 121 | 15,391 | 6,094 |
Earnings from continuing operations | ||||||||||
69,051 | 56,854 | 43,630 | 62,412 | 48,120 | 52,899 | 53,043 | 42,969 | 64,327 | 24,700 | 5,906 |
Loss from discontinued operations, net of income taxes | ||||||||||
-11,134 | -13,851 | -5,654 | -1,982 | -2,102 | -9,870 | -1,593 | -1,616 | -1,926 | -2,740 | -2,423 |
Net earnings | ||||||||||
57,917 | 43,003 | 37,976 | 60,430 | 46,018 | 43,029 | 51,450 | 41,353 | 62,401 | 21,960 | 3,483 |
Net earnings per common share - Basic: | ||||||||||
Earnings from continuing operations (in dollars per share) | ||||||||||
3.09 | 2.53 | 1.92 | 2.75 | 2.11 | 2.31 | 2.31 | 1.88 | 2.82 | 1.10 | 0.31 |
Discontinued operations (in dollars per share) | ||||||||||
-0.50 | -0.62 | -0.25 | -0.09 | -0.09 | -0.43 | -0.07 | -0.07 | -0.08 | -0.13 | -0.13 |
Net earnings per common share - Basic (in dollars per share) | ||||||||||
2.59 | 1.91 | 1.67 | 2.66 | 2.02 | 1.88 | 2.24 | 1.81 | 2.74 | 0.97 | 0.18 |
Net earnings per common share - Diluted: | ||||||||||
Earnings from continuing operations (in dollars per share) | ||||||||||
3.03 | 2.48 | 1.88 | 2.70 | 2.08 | 2.28 | 2.28 | 1.86 | 2.78 | 1.09 | 0.31 |
Discontinued operations (in dollars per share) | ||||||||||
-0.49 | -0.60 | -0.24 | -0.08 | -0.09 | -0.43 | -0.07 | -0.07 | -0.08 | -0.12 | -0.13 |
Net earnings per common share - Diluted (in dollars per share) | ||||||||||
2.54 | 1.88 | 1.64 | 2.62 | 1.99 | 1.85 | 2.21 | 1.79 | 2.70 | 0.97 | 0.18 |
Dividends declared per share (in dollars per share) | ||||||||||
0.92 | 0.84 | 0.76 | 0.68 | 0.60 | 0.52 | 0.44 | 0.36 | 0.28 | 0.20 | 0.00 |
Average number of common shares (in shares) | ||||||||||
22,378 | 22,456 | 22,726 | 22,722 | 22,811 | 22,899 | 22,974 | 22,812 | 22,794 | 22,556 | 19,340 |
Average number of common shares and dilutive common shares (in shares) | ||||||||||
22,818 | 22,932 | 23,198 | 23,082 | 23,142 | 23,239 | 23,270 | 23,050 | 23,228 | 22,634 | 19,388 |