Issue link: http://read.dmtmag.com/i/472117
SELECTED CONSOLIDATED FINANCIAL DATA (in thousands, except as noted*) 2014 2013 2012 2011 2010 Consolidated Statement of Income Data Net sales $ 975,595 $ 932,998 $ 936,273 $ 908,641 $ 737,084 Gross profit 1 215,316 207,119 207,951 211,533 175,929 Gross profit % 22.1% 22.2% 22.2% 23.3% 23.9% Selling, general and administrative expenses 2 141,490 133,337 136,323 132,371 109,354 Research and development 22,129 18,101 20,520 20,764 15,987 Income from operations 51,697 55,681 51,108 58,398 50,588 Interest expense 720 423 339 190 339 Other income (expense), net 1,207 1,937 1,783 1,082 632 Net income from continuing operations 34,206 39,214 34,210 40,440 34,648 Income (loss) from discontinued operations, net of tax -- -- 3,401 225 (1,269) Gain on sale of subsidiary, net of tax -- -- 3,378 -- -- Net income 34,206 39,214 40,989 40,665 33,379 Net income attributable to controlling interest 34,458 39,042 40,828 40,563 33,237 Earnings (loss) per common share* Net income attributable to controlling interest from continuing operations Basic 1.51 1.72 1.50 1.79 1.53 Diluted 1.49 1.69 1.48 1.76 1.51 Income (loss) from discontinued operations Basic -- -- 0.30 0.01 (0.06) Diluted -- -- 0.29 0.01 (0.06) Net income attributable to controlling interest Basic 1.51 1.72 1.80 1.80 1.48 Diluted 1.49 1.69 1.77 1.76 1.46 Consolidated Balance Sheet Data Working capital $ 392,062 $ 388,880 $ 358,536 $ 333,719 $ 318,936 Total assets 805,465 749,291 728,783 719,481 651,549 Total short-term debt 3,841 34 -- -- -- Long-term debt, less current maturities 7,061 510 -- -- -- Total equity 599,352 580,511 550,734 531,298 494,276 Cash dividends declared per common share* 0.40 0.30 1.00 -- -- Book value per diluted common share at year-end* 25.76 24.99 23.82 23.09 21.63 1 2011 Gross profit includes charges of $2,162 related to sale of utility product line assets in the Energy Group. 2 2011 Selling, general and administrative expenses include an impairment charge of $2,304 related to aviation equipment classified as held for sale during 2011. 44