---------------------------- ----------------------------
GAAP Adjustments Adjusted GAAP Adjustments Adjusted
-------- -------- -------- -------- -------- --------
Net sales $838,019 $ - $838,019 $646,640 $ - $646,640
Cost of
products sold 543,488 (21,983)A 521,505 427,612 (18,566)D 409,046
-------- -------- -------- -------- -------- --------
Gross Profit 294,531 21,983 316,514 219,028 18,566 237,594
Research and
development 51,409 (635)B 50,774 36,470 (262)E 36,208
Selling,
general and
administrative 136,495 (7,105)B 129,390 103,506 (3,943)E 99,563
-------- -------- -------- -------- -------- --------
Income From
Operations 106,627 29,723 136,350 79,052 22,771 101,823
Interest expense 34,675 - 34,675 8,059 - 8,059
Other income,
net (6,138) - (6,138) (4,099) - (4,099)
-------- -------- -------- -------- -------- --------
Income Before
Income Taxes 78,090 29,723 107,813 75,092 22,771 97,863
Income tax
expense 18,711 10,399 C 29,110 19,147 5,807 C 24,954
-------- -------- -------- -------- -------- --------
Net Income $59,379 $19,324 $78,703 $55,945 $16,964 $72,909
======== ======== ======== ======== ======== ========
Earnings Per
Common Share:
Basic $0.38 $0.12 $0.50 $0.36 $0.11 $0.47
======== ======== ======== ======== ======== ========
Diluted $0.37 $0.12 $0.49 $0.35 $0.10 $0.
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