Item 6. Selected Financial Data

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Item 6. Selected Financial Data

20162015201420132012
(In thousands except for per-share amounts)
Operating Data (a)
Sales$1,808,994$1,688,666$1,704,021$1,542,921$1,409,578
Cost of sales815,495774,702758,923676,777586,289
% of sales4546454442
Selling and administrative expenses594,293584,823575,442541,169485,285
% of sales3335343534
Severance and restructuring costs10,77511,4112,5511,1262,524
Long-lived asset impairments—————
Operating profit388,431317,730367,105323,849335,480
% of sales2119222124
Net income271,843211,111246,773221,817224,829
% of sales1513141416
Financial Data (a)
Working capital$414,032$420,815$301,815$365,269$242,939
Net property, plant and equipment and other non-current assets1,676,7901,648,8531,607,4471,451,1131,242,892
Total capital (b)1,769,1511,726,3411,662,2831,498,0821,261,962
Total assets2,422,3652,360,4442,280,1302,053,1791,829,515
Long-term liabilities1,239,2191,409,6521,004,465928,519816,061
Shareholders’ equity851,603660,016904,797887,863669,770
Return on average total capital — % (c)1613171823
Return on average shareholders’ equity — % (d)3726272938
Per-Share Data (a)
Average number of common shares57,06060,65263,65664,21464,407
Average number of common shares and common share equivalents57,53061,15164,28164,90865,103
Basic earnings per share$4.76$3.48$3.88$3.45$3.49
Diluted earnings per share4.733.453.843.423.45
Dividends per common share0.990.900.760.630.525
Book value per common share14.8511.5114.4913.8310.42
(a)See accompanying Notes to Consolidated Financial Statements.
(b)Notes payable, plus current portion of long-term debt, plus long-term debt, minus cash and marketable securities, plus shareholders’ equity.
(c)Net income plus after-tax interest expense on borrowings as a percentage of the average of quarterly borrowings (net of cash) plus shareholders’ equity over five accounting periods.
(d)Net income as a percentage of average quarterly shareholders’ equity over five accounting periods.

Nordson Corporation 19

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