|
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 29, 2015
|
Mar. 30, 2014
|
| Income Statement [Abstract] |
|
|
| Net revenues |
$ 429,430 |
$ 438,546 |
| Cost of goods sold |
206,793 |
217,387 |
| Gross profit |
222,637 |
221,159 |
| Selling, general and administrative expenses |
139,697 |
140,297 |
| Research and development expenses |
12,884 |
14,062 |
| Restructuring and impairment charges |
4,448 |
7,780 |
| Income from continuing operations before interest and taxes |
65,608 |
59,020 |
| Interest expense |
17,172 |
15,404 |
| Interest income |
(169) |
(187) |
| Income from continuing operations before taxes |
48,605 |
43,803 |
| Taxes on income from continuing operations |
9,332 |
8,534 |
| Income from continuing operations |
39,273 |
35,269 |
| Operating loss from discontinued operations |
(499) |
(25) |
| Taxes on loss from discontinued operations |
204 |
100 |
| Loss from discontinued operations |
(703) |
(125) |
| Net income |
38,570 |
35,144 |
| Less: Income from continuing operations attributable to noncontrolling interest |
218 |
186 |
| Net income attributable to common shareholders |
38,352 |
34,958 |
| Basic: |
|
|
| Income from continuing operations (in dollars per share) |
$ 0.94 |
$ 0.85 |
| Loss from discontinued operations (in dollars per share) |
$ (0.02) |
$ 0.00 |
| Net income (in dollars per share) |
$ 0.92 |
$ 0.85 |
| Diluted: |
|
|
| Income from continuing operations (in dollars per share) |
$ 0.83 |
$ 0.77 |
| Loss from discontinued operations (in dollars per share) |
$ (0.02) |
$ (0.01) |
| Net income (in dollars per share) |
$ 0.81 |
$ 0.76 |
| Dividends per share (in dollars per share) |
$ 0.34 |
$ 0.34 |
| Weighted average common shares outstanding |
|
|
| Basic (in shares) |
41,469 |
41,262 |
| Diluted (in shares) |
47,295 |
45,749 |
| Amounts attributable to common shareholders: |
|
|
| Income from continuing operations, net of tax |
39,055 |
35,083 |
| Loss from discontinued operations, net of tax |
(703) |
(125) |
| Net income attributable to common shareholders |
$ 38,352 |
$ 34,958 |