Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 965.23 837.63 711.76 575.94
Revenue 965.23 837.63 711.76 575.94
Total Revenue 965.23 837.63 711.76 575.94
Cost of Revenue 220.40 173.81 188.89 156.98
Cost of Revenue, Total 220.40 173.81 188.89 156.98
Gross Profit 744.83 663.82 522.88 418.96
Selling/General/Administrative Expense 437.50 395.47 387.98 235.81
Labor & Related Expense 26.99 24.31 29.75 18.41
Selling/General/Administrative Expenses, Total 464.49 419.78 417.73 254.22
Research & Development 88.85 76.40 65.76 55.43
Amortization of Intangibles, Operating 17.67 22.73 27.93 28.43
Depreciation/Amortization 17.67 22.73 27.93 28.43
Restructuring Charge
Other Unusual Expense (Income) 3.79
Unusual Expense (Income) 3.79
Total Operating Expense 795.20 692.73 700.31 495.06
Operating Income 170.03 144.91 11.46 80.88
Interest Expense - Non-Operating -2.00 -3.00 -3.00 -3.30
Interest Expense, Net Non-Operating -2.00 -3.00 -3.00 -3.30
Interest Income, Non-Operating 4.04 1.77 0.54 0.52
Interest/Investment Income, Non-Operating 4.04 1.77 0.54 0.52
Interest Income (Expense), Net Non-Operating
Interest Income (Expense), Net-Non-Operating, Total 2.04 -1.23 -2.46 -2.78
Other Non-Operating Income (Expense) -7.01 -7.02 -6.41 -7.18
Other, Net -7.01 -7.02 -6.41 -7.18
Net Income Before Taxes 165.06 136.66 2.58 70.91
Income Tax – Total 49.36 51.59 6.05 26.04
Income After Tax 115.70 85.07 -3.47 44.87
Net Income Before Extraordinary Items 115.70 85.07 -3.47 44.87
Extraordinary Item 7.00
Total Extraordinary Items 7.00
Net Income 122.70 85.07 -3.47 44.87
Income Available to Common Excluding Extraordinary Items 115.70 85.07 -3.47 44.87
Income Available to Common Stocks Including Extraordinary Items 122.70 85.07 -3.47 44.87
Basic Weighted Average Shares 33.20 32.17 31.95 30.22
Basic EPS Excluding Extraordinary Items 3.48 2.64 -0.11 1.48
Basic EPS Including Extraordinary Items 3.70 2.64 -0.11 1.48
Diluted Net Income 122.70 85.07 -3.47 44.87
Diluted Weighted Average Shares 33.56 32.44 31.95 30.64
Diluted EPS Excluding Extraordinary Items 3.45 2.62 -0.11 1.46
Diluted EPS Including Extraordinary Items 3.66 2.62 -0.11 1.46
DPS - Common Stock Primary Issue --
Gross Dividends - Common Stock -- -- --
Restructuring Charge, Supplemental
Other Unusual Expense (Income), Supplemental
Non-Recurring Items, Total
Total Special Items 3.79
Normalized Income Before Taxes 168.85 136.66 2.58 70.91
Effect of Special Items on Income Taxes 1.13
Income Taxes Excluding Impact of Special Items 50.50 51.59 6.05 26.04
Normalized Income After Taxes 118.35 85.07 -3.47 44.87
Normalized Income Available to Common 118.35 85.07 -3.47 44.87
Basic Normalized EPS 3.56 2.64 -0.11 1.48
Diluted Normalized EPS 3.53 2.62 -0.11 1.46
Amortization of Intangibles, Supplemental 37.00 22.73 27.93 28.43
Depreciation, Supplemental 26.64 47.43 19.97 15.11
Interest Expense, Supplemental 2.00 3.00 3.00 3.30
Rental Expense, Supplemental 26.00 22.00 21.30 19.20
Stock-Based Compensation, Supplemental 39.03 36.35 34.54 28.27
Advertising Expense, Supplemental 104.00 109.00 132.10 28.70
Research & Development Expense, Supplemental 88.85 76.40 65.76 55.43
Audit-Related Fees, Supplemental 1.90 1.66 1.81 1.79
Audit-Related Fees -- 0.04 -- 0.03
Tax Fees, Supplemental 0.03 0.11 0.06 0.03
All Other Fees Paid to Auditor, Supplemental
Gross Margin 77.17 79.25 73.46 72.74
Operating Margin 17.62 17.30 1.61 14.04
Pretax Margin 17.10 16.32 0.36 12.31
Effective Tax Rate 29.91 37.75 234.25 36.73
Net Profit Margin 11.99 10.16 -0.49 7.79
Normalized EBIT 173.82 144.91 11.46 80.88
Normalized EBITDA 237.46 215.07 59.35 124.42
Current Tax - Domestic 41.05 32.20 10.30 24.74
Current Tax - Foreign 0.30 0.08 0.04 0.05
Current Tax - Local 3.52 3.68 1.50 2.76
Current Tax - Total 44.87 35.96 11.84 27.56
Deferred Tax - Domestic -0.52 13.64 -7.48 -0.70
Deferred Tax - Foreign 0.32 0.04 -- --
Deferred Tax - Local 4.70 1.96 1.68 -0.81
Deferred Tax - Total 4.50 15.64 -5.79 -1.51
Income Tax - Total 49.36 51.59 6.05 26.04
Defined Contribution Expense - Domestic 10.00 9.00 7.50 6.10
Defined Contribution Expense - Foreign 0.38 0.38 0.42 0.39
Total Pension Expense 10.38 9.38 7.92 6.49