Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

(dollars in thousands, except per share data)

Income and Share Data:2015 (1)2014 (2)201__3201__2201__1 _(_3)
Net sales$452,246$357,763$310,575$314,560$289,962
Operating income147,023159,750158,469166,209163,055
Earnings before income taxes (4)154,162161,392160,662162,195164,981
Net earnings107,735110,948112,561112,331112,302
Diluted earnings per share2.893.003.053.043.02
Average common and common equivalent shares - diluted (in thousands)37,23137,00536,90037,00637,172
Balance Sheet Data as of June 30:2015201__4201__3201__2201__1
Cash, cash equivalents and short-term available-for-sale investments110,921$363,354$332,937$268,986$140,813
Working capital208,515443,022377,432310,757212,229
Total assets1,063,360862,491778,098719,324617,670
Total shareholders’ equity846,935795,265737,541674,442586,122
Cash Flow Data:2015201__4201__3201__2201__1
Net cash provided by operating activities$139,359$136,762$123,562$126,746$127,194
Capital expenditures19,90413,82122,4546,0173,630
Cash dividends declared per share1.271.231.181.111.07
Employee Data as of June 30:2015201__4201__3201__2201__1
Employees1,356967789783763
(1)The Company acquired Novus Holdings LLC (Novus) on July 2, 2014, ProteinSimple on July 31, 2014, and CyVek Inc. on November 3, 2014.
(2)The Company acquired Bionostics Holdings, Ltd on July 22, 2013 and Shanghai PrimeGene Bio-Tech Co. on April 30, 2014.
(3)The Company acquired Boston Biochem, Inc. on April 1, 2011 and Tocris Holdings Limited and subsidiaries on April 28, 2011.
(4)Earnings before income taxes included acquisition related expenses related to amortization of intangibles, costs recognized on sale of acquired inventories and professional fees associated with acquisition activity, as follows: 2015 - $37.6 million; 2014 - $20.0 million; 2013 - $10.2 million; 2012 - $12.7 million; 2011 - $5.0 million; 2010.

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