A Dark Vector Cognition product

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:2016(1)__2015(2)__2014(3)__20132012
Net sales$499,023$452,246$357,763$310,575$314,560
Operating income150,593147,023159,750158,469166,209
Earnings before income taxes (4)147,481154,162161,392160,662162,195
Net earnings104,476107,735110,948112,561112,331
Diluted earnings per share2.802.893.003.053.04
Average common and common equivalent shares - diluted (in thousands)37,32637,23137,00536,90037,006
Balance Sheet Data as of June 30:201__6201__5201__4201__3201__2
Cash, cash equivalents and short-term available-for-sale investments95,835$110,921$363,354$332,937$268,986
Working capital199,744208,515443,022377,432310,757
Total assets1,129,5811,063,360862,491778,098719,324
Total shareholders’ equity879,280846,935795,265737,541674,442
Cash Flow Data:201__6201__5201__4201__3201__2
Net cash provided by operating activities$143,870$139,359$136,762$123,562$126,746
Capital expenditures16,89819,90413,82122,4546,017
Cash dividends declared per share1.281.271.231.181.11
Employee Data as of June 30:201__6201__5201__4201__3201__2
Employees1,5601,356967789783
(1)The Company acquired Cliniqa on July 8, 2015, and Zephyrus on March 21, 2016.
(2)The Company acquired Novus Biologicals on July 2, 2014, ProteinSimple on July 31, 2014, and CyVek, on November 3, 2014.
(3)The Company acquired Bionostics on July 22, 2013 and PrimeGene on April 30, 2014.
(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: 2016 - $37.6 million; 2015 - $37.6 million; 2014 - $20.0 million; 2013 - $10.2 million; 2012 - $12.7 million.

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