Consolidated Statements of Income                
(in thousands except per share data)       Year Ended December 31,
        2002     2001     2000  
Net sales     $ 983,246   $ 854,234   $ 672,273  
Cost of sales       727,714     633,360     507,893  
        Gross profit     255,532   220,874   164,380  
Selling and administrative expenses       182,845     154,827     113,919  
Goodwill amortization       —     2,179     1,647  
        Operating income     72,687   63,868   48,814  
Interest expense       4,977     5,283     3,592  
Income before income taxes     67,710   58,585   45,222  
Income taxes       26,407     23,141     17,146  
Net income     $ 41,303   $ 35,444   $ 28,076  
Earnings per share    
Basic     $ 1.70   $ 1.39   $ 1.10  
Diluted     $ 1.62   $ 1.33   $ 1.06  
Weighted average shares outstanding    
Basic       24,231     25,425     25,486  
Diluted       25,525     26,725     26,613  

The accompanying Notes are an integral part of these Consolidated Financial Statements.

 

 

 

 

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