v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 269,084 $ 245,775 $ 515,132 $ 487,342
Cost of sales 186,542 168,418 356,238 333,612
Gross profit 82,542 77,357 158,894 153,730
Operating expenses:        
Selling, general and administrative expense 48,080 40,994 94,253 82,203
Supplemental put expense 0 [1] 8,912 [1] 0 15,308
Management fees 5,023 4,434 9,758 8,750
Amortization expense 7,678 7,444 15,027 15,074
Impairment expense 0 900 0 900
Operating income 21,761 14,673 39,856 31,495
Other income (expense):        
Interest expense, net (4,810) (4,188) (9,382) (9,527)
Amortization of debt issuance costs (583) (526) (1,153) (1,011)
Loss on debt extinguishment (2,143) (1,785) (2,143) (1,785)
Other income (expense), net 106 (343) 290 (16)
Income before income taxes 14,331 7,831 27,468 19,156
Provision for income taxes 2,012 5,875 7,776 13,574
Net income 12,319 1,956 19,692 5,582
Less: Net income attributable to noncontrolling interest 6,600 2,525 9,314 4,557
Net income (loss) attributable to Holdings $ 5,719 $ (569) $ 10,378 $ 1,025
Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note J) (usd per share) $ 0.11 $ (0.01) $ 0.19 $ 0.02
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares) 48,300 48,300 48,300 48,300
Cash distributions declared per share (refer to Note J) (usd per share) $ 0.36 $ 0.36 $ 0.72 $ 0.72
[1] As a result of the termination of the Supplemental Put Agreement on July 1, 2013, the Company has derecognized the supplemental put liability.