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:2017_(1)_2016_(2)_2015_(3)_2014_(4)_2013
Net sales$563,003$499,023$452,246$357,763$310,575
Operating income120,584150,593147,023159,750158,469
Earnings before income taxes (5)111,961147,481154,162161,392160,662
Net earnings76,086104,476107,735110,948112,561
Diluted earnings per share2.032.802.893.003.05
Average common and common equivalent shares - diluted (in thousands)37,50037,32637,23137,00536,900
Balance Sheet Data as of June 30:20172016201520142013
Cash, cash equivalents and short-term available-for-sale investments157,714$95,835$110,921$363,354$332,937
Working capital212,503199,744208,515443,022377,432
Total assets1,558,2191,129,5811,063,360862,491778,098
Total shareholders' equity949,627879,280846,935795,265737,541
Cash Flow Data:20172016201520142013
Net cash provided by operating activities$143,811$143,870$139,359$136,762$123,562
Capital expenditures15,17916,89819,90513,82122,454
Cash dividends declared per share1.281.281.271.231.18
Employee Data as of June 30:20172016201520142013
Employees1,7891,5601,356967789
(1)The Company acquired Space on July 1, 2016, and Advanced Cell Diagnostics on August 1, 2016.
(2)The Company acquired Cliniqa on July 8, 2015, and Zephyrus on March 21, 2016.
(3)The Company acquired Novus Biologicals on July 2, 2014, ProteinSimple on July 31, 2014, and CyVek on November 3, 2014.
(4)The Company acquired Bionostics on July 22, 2013, and PrimeGene on April 30, 2014.
(5)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: 2017 - $73.2 million; 2016 - $37.6 million; 2015 - $37.6 million; 2014 - $20.0 million; 2013 - $10.2 million.

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