2014 Form 10-K Financial Statement

#000119312515023748 Filed on January 28, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $2.104B $533.5M $514.6M
YoY Change 2.81% 3.95% 2.81%
Cost Of Revenue $1.571B $387.9M $370.1K
YoY Change 6.39% 4.98% -99.9%
Gross Profit $533.3M $145.7M $144.5M
YoY Change -6.47% 1.36% 7.58%
Gross Profit Margin 25.34% 27.3% 28.08%
Selling, General & Admin $383.4M $92.62M $90.60M
YoY Change 2.34% -2.91% -0.82%
% of Gross Profit 71.9% 63.58% 62.7%
Research & Development $21.25M
YoY Change -13.53%
% of Gross Profit 3.98%
Depreciation & Amortization $65.52M $15.90M $15.70M
YoY Change 11.44% -4.22% 6.08%
% of Gross Profit 12.29% 10.91% 10.86%
Operating Expenses $404.7M $92.62M $90.60M
YoY Change 1.37% -2.91% -0.82%
Operating Profit $149.8M $53.05M $53.90K
YoY Change -23.36% 9.8% -99.87%
Interest Expense -$21.90M -$4.300M -$4.600M
YoY Change -2.67% -21.82% -23.33%
% of Operating Profit -14.62% -8.11% -8533.85%
Other Income/Expense, Net $100.0K -$1.300M -$1.000M
YoY Change -114.29% -262.5% 66.67%
Pretax Income $55.57M $31.30M $35.50K
YoY Change -32.06% -6.85% -99.89%
Income Tax $34.35M $11.70M $10.29K
% Of Pretax Income 61.81% 37.38% 28.98%
Net Earnings $49.77M $21.90M $28.27K
YoY Change -48.56% -12.75% -99.97%
Net Earnings / Revenue 2.37% 4.1% 0.01%
Basic Earnings Per Share $1.00 $0.57
Diluted Earnings Per Share $0.97 $427.7K $0.55
COMMON SHARES
Basic Shares Outstanding 50.01M 49.91M shares 49.91M shares
Diluted Shares Outstanding 51.26M 51.24M shares 51.13M shares

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.60M $155.1M $160.3M
YoY Change -49.97% -22.6% -22.82%
Cash & Equivalents $77.60M $155.1M $160.3K
Short-Term Investments
Other Short-Term Assets $79.90M $85.05M $81.30M
YoY Change 20.69% 21.11% 43.46%
Inventory $251.3M $221.5M $221.3M
Prepaid Expenses
Receivables $341.3M $331.1M $318.6M
Other Receivables $15.10M $0.00 $0.00
Total Short-Term Assets $765.1M $794.7M $781.5M
YoY Change -3.72% -0.58% -2.27%
LONG-TERM ASSETS
Property, Plant & Equipment $502.6M $434.4M $386.8M
YoY Change 15.7% 32.03% 20.56%
Goodwill $263.1M
YoY Change 3.44%
Intangibles $219.4M
YoY Change -5.98%
Long-Term Investments $50.10M $40.70M
YoY Change -7.73% -10.07%
Other Assets $99.20M $161.4M $152.5M
YoY Change -7.38% -4.13% 0.07%
Total Long-Term Assets $1.104B $1.078B $1.019B
YoY Change 2.37% 9.26% 7.46%
TOTAL ASSETS
Total Short-Term Assets $765.1M $794.7M $781.5M
Total Long-Term Assets $1.104B $1.078B $1.019B
Total Assets $1.869B $1.873B $1.801B
YoY Change -0.21% 4.85% 3.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $174.5M $201.6M $169.3M
YoY Change -13.44% 23.62% 3.67%
Accrued Expenses $96.80M $46.57M $45.69M
YoY Change -21.17% 2.11% 18.69%
Deferred Revenue
YoY Change
Short-Term Debt $27.10M $20.60M $22.00M
YoY Change 31.55% -8.85% -19.12%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $317.2M $360.8M $324.9M
YoY Change -12.08% 3.04% -7.03%
LONG-TERM LIABILITIES
Long-Term Debt $547.7M $472.3M $471.5M
YoY Change 15.96% -0.59% -0.8%
Other Long-Term Liabilities $92.30M $51.84M $65.69M
YoY Change 9.62% -23.98% -4.14%
Total Long-Term Liabilities $640.0M $524.2M $65.69M
YoY Change 15.0% -3.53% -4.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $317.2M $360.8M $324.9M
Total Long-Term Liabilities $640.0M $524.2M $65.69M
Total Liabilities $979.0M $937.9M $956.1M
YoY Change 3.82% -6.56% 0.61%
SHAREHOLDERS EQUITY
Retained Earnings $907.3M $890.5M
YoY Change 9.31% 10.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $890.0M $930.1M $839.6M
YoY Change
Total Liabilities & Shareholders Equity $1.869B $1.873B $1.800B
YoY Change -0.21% 4.85% 3.01%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $49.77M $21.90M $28.27K
YoY Change -48.56% -12.75% -99.97%
Depreciation, Depletion And Amortization $65.52M $15.90M $15.70M
YoY Change 11.44% -4.22% 6.08%
Cash From Operating Activities $29.70M $43.50M $49.70M
YoY Change -77.8% 72.62% 73.78%
INVESTING ACTIVITIES
Capital Expenditures $139.8M -$41.80M -$34.50M
YoY Change 12.48% 136.16% 505.26%
Acquisitions $26.33M
YoY Change 205.71%
Other Investing Activities -$20.20M $200.0K -$8.700M
YoY Change 126.97% -103.39% -107.32%
Cash From Investing Activities -$160.0M -$41.50M -$43.30M
YoY Change 20.12% 75.85% -138.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.51M
YoY Change -12.06%
Debt Paid & Issued, Net $483.3M
YoY Change 273.16%
Cash From Financing Activities 55.00M -9.900M -7.800M
YoY Change -212.94% -36.54% -91.47%
NET CHANGE
Cash From Operating Activities 29.70M 43.50M 49.70M
Cash From Investing Activities -160.0M -41.50M -43.30M
Cash From Financing Activities 55.00M -9.900M -7.800M
Net Change In Cash -75.30M -7.900M -1.400M
YoY Change 56.55% -43.57% -102.78%
FREE CASH FLOW
Cash From Operating Activities $29.70M $43.50M $49.70M
Capital Expenditures $139.8M -$41.80M -$34.50M
Free Cash Flow -$110.1M $85.30M $84.20M
YoY Change -1257.42% 98.83% 145.48%

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<div><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Use of Estimates:</font><font style='font-family:Times New Roman;font-size:10pt;' > Preparation of the Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying </font><font style='font-family:Times New Roman;font-size:10pt;' >notes. Actual results could differ from those estimates.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ></p></div>
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Revenue Recognition:</font><font style='font-family:Times New Roman;font-size:10pt;' > For shipments made to customers, title generally passes to the customer when all requirements of the sales arrangement have been completed, which is generally at the time of de</font><font style='font-family:Times New Roman;font-size:10pt;' >livery. Revenue from product sales is recorded when title to the product transfers, no remaining performance obligations exist, the terms of the sale are fixed and collection is probable. Shipping terms include title transfer at either shipping point or </font><font style='font-family:Times New Roman;font-size:10pt;' >destination. Stated terms in sale agreements also include payment terms and freight terms. Net revenues include shipping revenues as appropriate.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Provisions for sales returns are estimated based on historical experience, and are adjusted for known return</font><font style='font-family:Times New Roman;font-size:10pt;' >s, if material. Customer incentive programs (primarily volume purchase rebates) and arrangements such as cooperative advertising, slotting fees and buy-downs are recorded as a reduction of net revenue in accordance with Financial Accounting Standards Boar</font><font style='font-family:Times New Roman;font-size:10pt;' >d (FASB) Accounting Standard Codification (ASC) 605-50, &#8220;Customer Payments and Incentives&#8221;. Customer rebates recorded in the Consolidated Statements of Income as a reduction in net revenue, </font><font style='font-family:Times New Roman;font-size:10pt;' >were $</font><font style='font-family:Times New Roman;font-size:10pt;' >12,428</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >11,552</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >9,707</font><font style='font-family:Times New Roman;font-size:10pt;' > in </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For certain products, consigned inventory is maintained at customer locations. For these products, revenue is recognized in the period that the inventory is consumed. Sales to distributors also require</font><font style='font-family:Times New Roman;font-size:10pt;color:#FF0000;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a distri</font><font style='font-family:Times New Roman;font-size:10pt;' >bution agreement or purchase order. As a normal practice, distributors do not have a right of return.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ></p></div>
CY2014 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
1249000 shares
CY2012 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
54289 shares
CY2014Q4 ful Directors Deferred Compensation Ten Percent Match
DirectorsDeferredCompensationTenPercentMatch
0.1 pure
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9414000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8022000 USD
CY2013 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
1243000 shares
CY2012 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
1047000 shares
CY2014 ful Rebates
Rebates
12428000 USD
CY2013 ful Rebates
Rebates
11552000 USD
CY2012 ful Rebates
Rebates
9707000 USD
CY2014 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2013 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2012 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2014Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
7196000 USD
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2725000 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1921000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
151000 USD
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
421810 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
112367 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7372 shares
CY2012 ful Share Repurchase Program Number Of Shares Repurchased
ShareRepurchaseProgramNumberOfSharesRepurchased
54289 shares
CY2014 ful Share Repurchase Program Number Of Shares Repurchased
ShareRepurchaseProgramNumberOfSharesRepurchased
67593 shares
CY2013 ful Share Repurchase Program Number Of Shares Repurchased
ShareRepurchaseProgramNumberOfSharesRepurchased
62124 shares
CY2014Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.37 pure
CY2013Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
3236000 USD
CY2012 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
1517000 USD
CY2013 ful Disposal Group Including Discontinued Operation Income Taxes
DisposalGroupIncludingDiscontinuedOperationIncomeTaxes
1211000 USD
CY2012 ful Disposal Group Including Discontinued Operation Income Taxes
DisposalGroupIncludingDiscontinuedOperationIncomeTaxes
-16846000 USD
CY2012 ful Disposal Group Including Discontinued Operation Net Income Loss
DisposalGroupIncludingDiscontinuedOperationNetIncomeLoss
57568000 USD
CY2012 ful Disposal Group Including Discontinued Operation Income Before Income Taxes
DisposalGroupIncludingDiscontinuedOperationIncomeBeforeIncomeTaxes
8235000 USD
CY2012 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
66179000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
73143000 USD
CY2012 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
15119000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9728000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13376000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12317000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
2676000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
3357000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1263000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Income Tax Deficiency From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
18799000 USD
CY2014 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
6599000 USD
CY2013 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
7425000 USD
CY2012 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
6318000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8915000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9842000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5191000 USD
CY2014 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
6852000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
6807000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
4626000 USD
CY2014Q4 ful Total Fair Value Of Nonvested Restricted Stock
TotalFairValueOfNonvestedRestrictedStock
15354000 USD
CY2014Q4 ful Employee Service Share Based Compensation Unvested Stock Option Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationUnvestedStockOptionAwardsTotalCompensationCostNotYetRecognized
7303000 USD
CY2014 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
67593 shares
CY2013 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
62124 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate
0.75 pure
CY2014Q4 ful Defined Contribution Plan Employer Match Percentage
DefinedContributionPlanEmployerMatchPercentage
0.04 pure
CY2014Q4 ful Defined Contribution Plan Annual Retirement Percentage
DefinedContributionPlanAnnualRetirementPercentage
0.03 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y7M6D
CY2014 ful Share Based Compensation Arrangement By Share Based Payment Restrict Stock Award Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentRestrictStockAwardWeightedAverageRemainingContractualTerm
P1Y0M0D
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.52
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.05
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.82
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.3383 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3161 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.3706 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0152 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0085 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0087 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3925 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.4802 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.4728 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0077 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4879 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.516 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5176 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0105 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y9M
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2429961 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
477606 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
-42915 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2534473 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
25.74
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
48.06
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.75
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
38.59
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.39
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
493173 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.07
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.23
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
28.57
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.63
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2429750 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-462427 shares
CY2013Q4 ful Total Nonvested Restricted Stock
TotalNonvestedRestrictedStock
447676 shares
CY2014 ful Stock Issued During Period Shares Restricted Stock Award Vested
StockIssuedDuringPeriodSharesRestrictedStockAwardVested
-182337 shares
CY2014Q4 ful Total Nonvested Restricted Stock
TotalNonvestedRestrictedStock
377283 shares
CY2013 ful Stock Issued During Period Shares Restricted Stock Award Vested
StockIssuedDuringPeriodSharesRestrictedStockAwardVested
-179857 shares
CY2012Q4 ful Total Nonvested Restricted Stock
TotalNonvestedRestrictedStock
386415 shares
CY2013Q4 ful Share Based Compensation Stock Award Plan Units
ShareBasedCompensationStockAwardPlanUnits
373968 shares
CY2014 ful Share Based Compensation Stock Award Plan Participant Contributions Units Period
ShareBasedCompensationStockAwardPlanParticipantContributionsUnitsPeriod
18776 shares
CY2014 ful Deferred Compensation Arrangement With Individual Employer Contribution Units Paid
DeferredCompensationArrangementWithIndividualEmployerContributionUnitsPaid
17105 shares
CY2014 ful Share Based Compensation Stock Award Plan Payouts Units Period
ShareBasedCompensationStockAwardPlanPayoutsUnitsPeriod
-14999 shares
CY2014Q4 ful Share Based Compensation Stock Award Plan Units
ShareBasedCompensationStockAwardPlanUnits
394850 shares
CY2013 ful Share Based Compensation Stock Award Plan Participant Contributions Units Period
ShareBasedCompensationStockAwardPlanParticipantContributionsUnitsPeriod
16444 shares
CY2013 ful Deferred Compensation Arrangement With Individual Employer Contribution Units Paid
DeferredCompensationArrangementWithIndividualEmployerContributionUnitsPaid
15058 shares
CY2013 ful Share Based Compensation Stock Award Plan Payouts Units Period
ShareBasedCompensationStockAwardPlanPayoutsUnitsPeriod
-64965 shares
CY2012Q4 ful Share Based Compensation Stock Award Plan Units
ShareBasedCompensationStockAwardPlanUnits
407431 shares
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2546000 USD
CY2014 ful Nonoperating Interest Income
NonoperatingInterestIncome
344000 USD
CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2769000 USD
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
149000 USD
CY2013 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-705000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
323000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4106000 USD
CY2013 ful Nonoperating Interest Income
NonoperatingInterestIncome
737000 USD
CY2012 ful Nonoperating Interest Income
NonoperatingInterestIncome
1731000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
555000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1204000 USD
CY2012 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-298000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21254000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24570000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21245000 USD
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
133476000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
140014000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
22200000 USD
CY2013Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
20583000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
122584000 USD
CY2013Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
119536000 USD
CY2014Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
15059000 USD
CY2014Q4 us-gaap Prepaid Taxes
PrepaidTaxes
9505000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
20924000 USD
CY2014Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12547000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
18867000 USD
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
8604000 USD
CY2013Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
20728000 USD
CY2013Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
11828000 USD
CY2013Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
112878000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
598405000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1106351000 USD
CY2014Q4 us-gaap Land
Land
65367000 USD
CY2014Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
37364000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
603717000 USD
CY2014Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
293440000 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
710180000 USD
CY2014Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
10950000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
40142000 USD
CY2014Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
7588000 USD
CY2014Q4 ful Other Miscellaneous Long Term Assets
OtherMiscellaneousLongTermAssets
39434000 USD
CY2013Q4 ful Other Miscellaneous Long Term Assets
OtherMiscellaneousLongTermAssets
33420000 USD
CY2013Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
11963000 USD
CY2013Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
38363000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
40700000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
28465000 USD
CY2013Q4 ful Current Income Taxes Payable
CurrentIncomeTaxesPayable
8936000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
1894000 USD
CY2014Q4 ful Current Income Taxes Payable
CurrentIncomeTaxesPayable
10961000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
2800000 USD
CY2014Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
19427000 USD
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4548000 USD
CY2014Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1691000 USD
CY2014Q4 ful Other Miscellaneous Accrued Expenses
OtherMiscellaneousAccruedExpenses
25383000 USD
CY2013Q4 ful Other Miscellaneous Accrued Expenses
OtherMiscellaneousAccruedExpenses
22977000 USD
CY2013Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1175000 USD
CY2013Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
17943000 USD
CY2013Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4471000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
20599000 USD
CY2013Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5285000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
321186000 USD
CY2013Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
3159000 USD
CY2013Q4 ful Other Miscellaneous Long Term Liabilities
OtherMiscellaneousLongTermLiabilities
19556000 USD
CY2014Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5635000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
16718000 USD
CY2014Q4 ful Other Miscellaneous Long Term Liabilities
OtherMiscellaneousLongTermLiabilities
13761000 USD
CY2014Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
3146000 USD
CY2014 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
3998000 USD
CY2014 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
1866000 USD
CY2014 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
424000 USD
CY2013 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
-127000 USD
CY2013 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
2369000 USD
CY2013 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
3267000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-53000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
49871000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
121655000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-94000 USD
CY2013Q4 ful Accumulated Other Comprehensive Income Loss Tax On Defined Benefit Pension And Other Postretirement Plans
AccumulatedOtherComprehensiveIncomeLossTaxOnDefinedBenefitPensionAndOtherPostretirementPlans
65210000 USD
CY2013Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
36000 USD
CY2012Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
52000 USD
CY2014Q4 us-gaap Other Assets Held For Sale
OtherAssetsHeldForSale
4273000 USD
CY2013Q4 us-gaap Other Assets Held For Sale
OtherAssetsHeldForSale
5062000 USD
CY2014Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
12054000 USD
CY2014Q4 ful Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cross Currency Swap
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCrossCurrencySwap
25000 USD
CY2013Q4 ful Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cross Currency Swap
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCrossCurrencySwap
-91000 USD
CY2013Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cross Currency Swap
AccumulatedOtherComprehensiveIncomeLossTaxOnCrossCurrencySwap
57000 USD
CY2013Q4 ful Restructuring Costs Included In Accrued Compensation
RestructuringCostsIncludedInAccruedCompensation
17312000 USD
CY2013Q4 ful Restructuring Costs Included In Other Liabilities
RestructuringCostsIncludedInOtherLiabilities
745000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
120566000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
315961000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
195395000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
218808000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
102378000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21049000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
20747000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
20459000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
20087000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
17748000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
95305000 USD
CY2013Q4 ful Indefinite Lived Trademarks And Trade Names
IndefiniteLivedTrademarksAndTradeNames
593000 USD
CY2014Q4 ful Indefinite Lived Trademarks And Trade Names
IndefiniteLivedTrademarksAndTradeNames
543000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22508000 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23240000 USD
CY2014Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
606194000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
515287000 USD
CY2012Q2 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.00175 pure
CY2014Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.113 pure
CY2013Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.089 pure
CY2012Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.113 pure
CY2014Q4 us-gaap Notes Payable Current
NotesPayableCurrent
27149000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
547735000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
472315000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
547735000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
472315000 USD
CY2014Q4 us-gaap Debt Current
DebtCurrent
0 USD
CY2013Q4 us-gaap Debt Current
DebtCurrent
0 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
300000000 USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-143000000 USD
CY2014Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
157000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
52543000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
143000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
352192000 USD
CY2014 us-gaap Undistributed Earnings
UndistributedEarnings
421604000 USD
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
136000 USD
CY2014Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
452000 USD
CY2013 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
36000 USD
CY2013Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
591000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1372000 USD
CY2014 ful Foreign Cumulative Tax Losses Amount
ForeignCumulativeTaxLossesAmount
84982000 USD
CY2014 ful Foreign Cumulative Tax Losses Utilized In Future Fiscal Years
ForeignCumulativeTaxLossesUtilizedInFutureFiscalYears
39943000 USD
CY2014Q4 ful Foreign Tax Credit Carryforward With Expiration Date
ForeignTaxCreditCarryforwardWithExpirationDate
12355000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4347000 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1743000 USD
CY2014Q4 ful Foreign Cumulative Tax Losses Carryforward Indefinitely
ForeignCumulativeTaxLossesCarryforwardIndefinitely
45039000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
23745000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
55567000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
45756000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
81788000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
20261000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
69287000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16999000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11930000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30301000 USD
CY2012 us-gaap Interest Income Securities Tax Advantaged
InterestIncomeSecuritiesTaxAdvantaged
1802000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
671000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
31342000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8771000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1290000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30194000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20133000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
18999000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
47299000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2663000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
25637000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12314000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-398000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4108000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1069000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5021000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8106000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2244000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-697000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8101000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
44641000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2351000 USD
CY2013 us-gaap Interest Income Securities Tax Advantaged
InterestIncomeSecuritiesTaxAdvantaged
1789000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1819000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-940000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-859000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3317000 USD
CY2014 us-gaap Interest Income Securities Tax Advantaged
InterestIncomeSecuritiesTaxAdvantaged
1649000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
27759000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1534000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1472000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5502000 USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16364000 USD
CY2013Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
20781000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14621000 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
14343000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
39460000 USD
CY2013Q4 ful Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
-45917000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
14567000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
35686000 USD
CY2013 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
127544000 USD
CY2014 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
79312000 USD
CY2012 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
89548000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
24839000 USD
CY2014Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40844000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-760000 USD
CY2014 ful Income Tax Reconciliation Special Charges
IncomeTaxReconciliationSpecialCharges
11773000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-467000 USD
CY2013 ful Income Tax Reconciliation Special Charges
IncomeTaxReconciliationSpecialCharges
5998000 USD
CY2012 ful Income Tax Reconciliation Special Charges
IncomeTaxReconciliationSpecialCharges
10209000 USD
CY2012 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
9004000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-8287000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-12598000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-7911000 USD
CY2014Q4 ful Deferred Tax Assets Depreciation And Amortization
DeferredTaxAssetsDepreciationAndAmortization
-47152000 USD
CY2014Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
95
CY2014 ful Total Value Repurchased Shares
TotalValueRepurchasedShares
12254000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
45920000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
12355000 USD
CY2014Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
21851000 USD
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
24234000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
57208000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
600000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
178000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
177000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
13000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
952000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
4787000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
378000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
160000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
105000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
748000 USD
CY2013 ful Total Value Repurchased Shares
TotalValueRepurchasedShares
15292000 USD
CY2014 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
61964000 USD
CY2014 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
9957 shares
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
69624 shares
CY2013 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
51521 shares
CY2013 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
67828 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49449579 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49903266 shares
CY2014 ful Shares Swapped For Stock Option Exercises
SharesSwappedForStockOptionExercises
0 shares
CY2013 ful Shares Swapped For Stock Option Exercises
SharesSwappedForStockOptionExercises
0 shares
CY2013 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
-62124 shares
CY2014 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
-67593 shares
CY2013 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.065 pure
CY2013 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.05 pure
CY2013Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2018
CY2012 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.05 pure
CY2012 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0725 pure
CY2012Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2019
CY2011Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2018
CY2011 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0725 pure
CY2011 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.05 pure
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
106000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
29000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
1000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2598000 USD
CY2014Q4 ful Defined Contribution Pension Liabilities
DefinedContributionPensionLiabilities
5989000 USD
CY2013Q4 ful Defined Contribution Pension Liabilities
DefinedContributionPensionLiabilities
5269000 USD
CY2014 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-574000 USD
CY2013 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
865000 USD
CY2012Q1 ful Foreign Currency Contract Foreign Currency Amount
ForeignCurrencyContractForeignCurrencyAmount
370000000 CHF
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
14481000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
12716000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
11117000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
8408000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4236000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2341000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1264000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1007000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
649000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
17905000 USD
CY2013Q4 ful Interest Rate Swaps Asset Fair Value Disclosure
InterestRateSwapsAssetFairValueDisclosure
5930000 USD
CY2013Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
533000 USD
CY2013Q4 ful Contingent Consideration Liability Discontinued Operations Fair Value Disclosure
ContingentConsiderationLiabilityDiscontinuedOperationsFairValueDisclosure
5000000 USD
CY2013Q4 ful Contingent Consideration Liability Continuting Operations Fair Value Disclosure
ContingentConsiderationLiabilityContinutingOperationsFairValueDisclosure
566000 USD
CY2013Q4 ful Marketable Securities Asset Fair Value Disclosure
MarketableSecuritiesAssetFairValueDisclosure
28786000 USD
CY2013Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
1399000 USD
CY2014Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
1007000 USD
CY2014Q4 ful Interest Rate Swaps Asset Fair Value Disclosure
InterestRateSwapsAssetFairValueDisclosure
4726000 USD
CY2014Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
433000 USD
CY2014Q4 ful Contingent Consideration Liability Continuting Operations Fair Value Disclosure
ContingentConsiderationLiabilityContinutingOperationsFairValueDisclosure
196000 USD
CY2014Q4 ful Contingent Consideration Liability Discontinued Operations Fair Value Disclosure
ContingentConsiderationLiabilityDiscontinuedOperationsFairValueDisclosure
5000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
149841000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
195502000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
162541000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65524000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58795000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54490000 USD
CY2012Q4 us-gaap Assets
Assets
1786320000 USD
CY2013 ful Special Charges
SpecialCharges
45087000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
502634000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
149326000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
331125000 USD
CY2012 ful Special Charges
SpecialCharges
52467000 USD
CY2013 ful Segment Capital Expenditures
SegmentCapitalExpenditures
124288000 USD
CY2012 ful Segment Capital Expenditures
SegmentCapitalExpenditures
35913000 USD
CY2012Q3 ful Temporary Equity Redemption Option Minimum
TemporaryEquityRedemptionOptionMinimum
3500000 EUR
CY2014Q4 ful Temporary Equity Current Redemption Option Value
TemporaryEquityCurrentRedemptionOptionValue
3500000 EUR
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
544034000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.41
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
20626000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
96372000 USD
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49956000 shares
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4084000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50053000 shares
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
96779000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.08
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
526765000 USD
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49817000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51027000 shares
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.41
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97640000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
133376000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
20774000 USD
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49935000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51152000 shares
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.52
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
93806000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
26048000 USD
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
519016000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
146616000 USD
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51127000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49913000 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.53
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.54
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
90604000 USD
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
514579000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
144507000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27150000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51297000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51175000 shares
CY2014Q2 us-gaap Gross Profit
GrossProfit
142655000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
125154000 USD
CY2014Q2 ful Special Charges
SpecialCharges
13538000 USD
CY2014Q3 ful Special Charges
SpecialCharges
12343000 USD
CY2013Q1 ful Special Charges
SpecialCharges
5333000 USD
CY2013Q2 ful Special Charges
SpecialCharges
10843000 USD
CY2013Q3 ful Special Charges
SpecialCharges
12775000 USD
CY2014 us-gaap Restructuring Charges
RestructuringCharges
3233000 USD
CY2014 us-gaap Payments For Restructuring
PaymentsForRestructuring
-19911000 USD
CY2014 ful Restructuring Foreign Currency Translation Adjustment
RestructuringForeignCurrencyTranslationAdjustment
-363000 USD
CY2013 us-gaap Restructuring Charges
RestructuringCharges
9784000 USD
CY2013 us-gaap Payments For Restructuring
PaymentsForRestructuring
-12595000 USD
CY2013 ful Restructuring Foreign Currency Translation Adjustment
RestructuringForeignCurrencyTranslationAdjustment
1020000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
370000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
164425000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2957000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-47283000 USD
CY2012 ful Other Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-50593000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
221537000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
85046000 USD
CY2013Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1865000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
794694000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
434387000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
219401000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
161443000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
937850000 USD
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10830000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
46566000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
5000000 USD
CY2013Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
4717000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
930461000 USD
CY2014Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
4654000 USD
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8380000 USD
CY2013 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
425000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1211000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.92
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.94
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.87
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2014 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
378000 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49893000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51136000 shares
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.33
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.385
CY2012 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Redeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsRedeemable
233000 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.37
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.16
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.53
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.34
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.14
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.48
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49571000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50618000 shares
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
75262000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
261000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75001000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-38687000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
41000 USD
CY2014 ful Other Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-75404000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-25253000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-25617000 USD
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
364000 USD
CY2013 us-gaap Depreciation
Depreciation
39149000 USD
CY2012 us-gaap Depreciation
Depreciation
38713000 USD
CY2012 us-gaap Adjustment For Amortization
AdjustmentForAmortization
18703000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16820000 USD
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
4436000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
9728000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9648000 USD
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-4559000 USD
CY2014 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2014 ful Payments For Distribution To Redeemable Noncontrolling Interest
PaymentsForDistributionToRedeemableNoncontrollingInterest
0 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
3656000 USD
CY2014 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
CY2012 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-13893000 USD
CY2014 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2013 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2012 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
120231000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
45787000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
6811000 USD
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-1777000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2676000 USD
CY2013 us-gaap Other Noncash Income
OtherNoncashIncome
-189000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
9763000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1854000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1263000 USD
CY2012 us-gaap Other Noncash Income
OtherNoncashIncome
-3228000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17341000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17081000 USD
CY2012 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
4313000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4845000 USD
CY2012 ful Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
20950000 USD
CY2012 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4909000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
15173000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3531000 USD
CY2012 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2090000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
108641000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35913000 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1756000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-446763000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
292333000 USD
CY2012 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-5837000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16454000 USD
CY2012 ful Payments For Distribution To Redeemable Noncontrolling Interest
PaymentsForDistributionToRedeemableNoncontrollingInterest
0 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7401000 USD
CY2012 ful Reclass Excess Tax Benefit From Sharebased Compensation
ReclassExcessTaxBenefitFromSharebasedCompensation
1263000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
273915000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-60551000 USD
CY2012 ful Dividends Paid With Company Stock
DividendsPaidWithCompanyStock
126000 USD
CY2012 us-gaap Interest Paid
InterestPaid
19816000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
31832000 USD
CY2014 us-gaap Effect On Retained Earnings Accumulated Deficit Due To Change In Measurement Date Net Of Tax
EffectOnRetainedEarningsAccumulatedDeficitDueToChangeInMeasurementDateNetOfTax
-23262000 USD
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
19484000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
17638000 USD
CY2013 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
399000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
705577000 USD
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
16580000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7401000 USD
CY2012 ful Sharebased Compensation Plans Other Net
SharebasedCompensationPlansOtherNet
10317000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1263000 USD
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4333000 USD
CY2012 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
209000 USD
CY2014 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
357000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15510000 USD
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
375000 shares
CY2012 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
100000 shares
CY2014Q4 us-gaap Cost Method Investments
CostMethodInvestments
1671000 USD
CY2014Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2515000 USD
CY2012 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
3680000 USD
CY2012 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
368000 USD
CY2012 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
71000 USD
CY2013Q4 us-gaap Cost Method Investments
CostMethodInvestments
1674000 USD
CY2013Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
6858000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
51835000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
11184000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
158529000 USD
CY2014Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-147373000 USD
CY2013Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-71969000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
50802000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-135000 USD
CY2012Q4 ful Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cross Currency Swap
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCrossCurrencySwap
-394000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
189851000 USD
CY2012Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-139578000 USD
CY2014Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
21000 USD
CY2014Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cross Currency Swap
AccumulatedOtherComprehensiveIncomeLossTaxOnCrossCurrencySwap
15000 USD
CY2014Q4 ful Accumulated Other Comprehensive Income Loss Tax On Defined Benefit Pension And Other Postretirement Plans
AccumulatedOtherComprehensiveIncomeLossTaxOnDefinedBenefitPensionAndOtherPostretirementPlans
84604000 USD
CY2012 ful Shares Swapped For Stock Option Exercises
SharesSwappedForStockOptionExercises
-3619 shares
CY2012 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
19389 shares
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
53927 shares
CY2012 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
-54289 shares
CY2012 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-126000 USD
CY2014Q4 ful Marketable Securities Asset Fair Value Disclosure
MarketableSecuritiesAssetFairValueDisclosure
748000 USD
CY2014Q4 us-gaap Foreign Currency Cash Flow Hedge Asset At Fair Value
ForeignCurrencyCashFlowHedgeAssetAtFairValue
5408000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6606000 USD
CY2014Q4 ful Prepaid Taxes Other Than Income Taxes
PrepaidTaxesOtherThanIncomeTaxes
30797000 USD
CY2013Q4 ful Prepaid Taxes Other Than Income Taxes
PrepaidTaxesOtherThanIncomeTaxes
19957000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
1016000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
18057000 USD
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
14725000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-4542000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18703000 USD
CY2012Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
3981000 USD
CY2014 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
0 USD
CY2014 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
0 USD
CY2014 ful Temporary Equity Distributions
TemporaryEquityDistributions
0 USD
CY2013 us-gaap Temporary Equity Interest In Subsidiary Earnings
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351000 USD
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >H.B. Fuller Company and Subsidiaries</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >(In thousands, except share and per share amounts)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >1</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >: Nature of Business and Summary of Significant Accounting Policies</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Nature of Business:</font><font style='font-family:Times New Roman;font-size:10pt;' > H.B. Fuller Company and its subsidiaries formulate, manufacture and market adhesives, sealants and other specialty chemical products globally, with sales operations in </font><font style='font-family:Times New Roman;font-size:10pt;' >40</font><font style='font-family:Times New Roman;font-size:10pt;' > countries in North America, Europe, Latin America, the Asia Pacific region, </font><font style='font-family:Times New Roman;font-size:10pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >ndia, </font><font style='font-family:Times New Roman;font-size:10pt;' >the Middle East and Africa. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Our </font><font style='font-family:Times New Roman;font-size:10pt;' >business is reported in </font><font style='font-family:Times New Roman;font-size:10pt;' >four </font><font style='font-family:Times New Roman;font-size:10pt;' >operating segments: Americ</font><font style='font-family:Times New Roman;font-size:10pt;' >as Adhesives</font><font style='font-family:Times New Roman;font-size:10pt;' >, EIMEA (Europe, India, Middle East and Africa)</font><font style='font-family:Times New Roman;font-size:10pt;' >, A</font><font style='font-family:Times New Roman;font-size:10pt;' >sia Pacific</font><font style='font-family:Times New Roman;font-size:10pt;' > and Construction Products</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font><font style='font-family:Times New Roman;font-size:10pt;' >Of the </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > net revenue, </font><font style='font-family:Times New Roman;font-size:10pt;' >America</font><font style='font-family:Times New Roman;font-size:10pt;' >s</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Adhesives operating </font><font style='font-family:Times New Roman;font-size:10pt;' >se</font><font style='font-family:Times New Roman;font-size:10pt;' >gment accounted for </font><font style='font-family:Times New Roman;font-size:10pt;' >44</font><font style='font-family:Times New Roman;font-size:10pt;' > percent</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >EIMEA</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >34</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >percent, </font><font style='font-family:Times New Roman;font-size:10pt;' >Asia Pacific </font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > percent</font><font style='font-family:Times New Roman;font-size:10pt;' > and Construction Products </font><font style='font-family:Times New Roman;font-size:10pt;' >9</font><font style='font-family:Times New Roman;font-size:10pt;' > percent.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Americas Adhesives, EIMEA and Asia Pacific </font><font style='font-family:Times New Roman;font-size:10pt;' >operating segments</font><font style='font-family:Times New Roman;font-size:10pt;' > produce and supply industr</font><font style='font-family:Times New Roman;font-size:10pt;' >ial </font><font style='font-family:Times New Roman;font-size:10pt;' >adhesives </font><font style='font-family:Times New Roman;font-size:10pt;' >products for applications in various markets including</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a</font><font style='font-family:Times New Roman;font-size:10pt;' >ssembly (appliances, </font><font style='font-family:Times New Roman;font-size:10pt;' >filters, construction, automotive, electronics, </font><font style='font-family:Times New Roman;font-size:10pt;' >etc.), packaging (food </font><font style='font-family:Times New Roman;font-size:10pt;' >and beverage containers, flexible packaging, </font><font style='font-family:Times New Roman;font-size:10pt;' >consumer goods, </font><font style='font-family:Times New Roman;font-size:10pt;' >package integrity and re-enforcem</font><font style='font-family:Times New Roman;font-size:10pt;' >ent, </font><font style='font-family:Times New Roman;font-size:10pt;' >durable and non-durable goods, etc.)</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > converting (corrugat</font><font style='font-family:Times New Roman;font-size:10pt;' >ion</font><font style='font-family:Times New Roman;font-size:10pt;' >, tape and label, </font><font style='font-family:Times New Roman;font-size:10pt;' >paper converting, envelopes, books, multi-wall bags, sacks, tissue and towel), nonwoven and hygiene</font><font style='font-family:Times New Roman;font-size:10pt;' > (disposable diapers, feminine care</font><font style='font-family:Times New Roman;font-size:10pt;' > and medical garments</font><font style='font-family:Times New Roman;font-size:10pt;' >)</font><font style='font-family:Times New Roman;font-size:10pt;' >, performance wo</font><font style='font-family:Times New Roman;font-size:10pt;' >od (windows, doors, wood flooring) and textile </font><font style='font-family:Times New Roman;font-size:10pt;' >(</font><font style='font-family:Times New Roman;font-size:10pt;' >footwear, sportswear, etc.).</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Times New Roman;font-size:10pt;' >Construction Products </font><font style='font-family:Times New Roman;font-size:10pt;' >operating segment </font><font style='font-family:Times New Roman;font-size:10pt;' >includes products used for tile setting (adhesives, grouts, mortars, sealers, levelers, etc.) and heating, ventilation and air </font><font style='font-family:Times New Roman;font-size:10pt;' >conditioning and insulation applications (duct sealants, weather barriers and fungicidal coatings, block fillers, etc.).</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Principles of Consolidation:</font><font style='font-family:Times New Roman;font-size:10pt;' > The Consolidated Financial Statements include the accounts of H.B. Fuller Company and its wholly-owned an</font><font style='font-family:Times New Roman;font-size:10pt;' >d majority-owned subsidiaries. All significant intercompany transactions and accounts have been eliminated. Investments in affiliated companies in which we exercise significant influence, but which we do not control, are accounted for in the Consolidated</font><font style='font-family:Times New Roman;font-size:10pt;' > Financial Statements under the equity method of accounting. As such, consolidated net income includes our equity portion in current earnings of such companies, after elimination of intercompany profits. Investments in which we do not exercise significan</font><font style='font-family:Times New Roman;font-size:10pt;' >t influence (generally less than a 20 percent ownership interest) are accounted for under the cost method.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Our 50 percent ownership in Sekisui-Fuller Company, Ltd., our Japan joint venture, is accounted for under the equity method of accounting as we do no</font><font style='font-family:Times New Roman;font-size:10pt;' >t exercise control over the company. For fiscal years </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' >, this equity method investment exceeded the 10 percent threshold but not the 20 percent threshold test for a significant subsidiary as defined in Rule 1-02(w) of Regulation S-X unde</font><font style='font-family:Times New Roman;font-size:10pt;' >r the Securities Exchange Act of 1934. As such, summarized financial information as of </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >November 30, 2013</font><font style='font-family:Times New Roman;font-size:10pt;' > for Sekisui-Fuller Company, Ltd. is as follows: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:25.5pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ></td><td colspan='2' rowspan='1' style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:86.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >As of November 29, 2014</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:86.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >As of November 30, 2013</font></td></tr><tr style='height:16.5pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current assets</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 82,195 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 89,053 </font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-current assets</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 21,257 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 21,152 </font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Current liabilities</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 37,021 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 42,835 </font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Non-current liabilities</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 1,787 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 2,090 </font></td></tr><tr style='height:12.75pt;' ><td style='width:17.25pt;text-align:left;border-color:Black;min-width:17.25pt;' ></td><td style='width:21.75pt;text-align:left;border-color:Black;min-width:21.75pt;' ></td><td style='width:69pt;text-align:left;border-color:Black;min-width:69pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:left;border-color:Black;min-width:77.25pt;' ></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:left;border-color:Black;min-width:77.25pt;' ></td></tr><tr style='height:24.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ></td><td colspan='2' rowspan='1' style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:86.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >For the year ended November 29, 2014</font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td colspan='2' rowspan='1' style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:86.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >For the year ended November 30, 2013</font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net revenue</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 181,999 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:77.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 194,705 </font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Gross profit</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 47,955 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 54,672 </font></td></tr><tr style='height:12.75pt;' ><td colspan='3' rowspan='1' style='width:108pt;text-align:left;border-color:Black;min-width:108pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income</font></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 14,024 </font></td><td style='width:14.25pt;text-align:left;border-color:Black;min-width:14.25pt;' ></td><td style='width:9pt;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:77.25pt;text-align:right;border-color:Black;min-width:77.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 16,760 </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Our fiscal year ends on the Saturday closest to November 30. Fiscal year-end dates were </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >November 30, 2013</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 1, 2012</font><font style='font-family:Times New Roman;font-size:10pt;' > for </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Use of Estimates:</font><font style='font-family:Times New Roman;font-size:10pt;' > Preparation of the Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying </font><font style='font-family:Times New Roman;font-size:10pt;' >notes. Actual results could differ from those estimates.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Revenue Recognition:</font><font style='font-family:Times New Roman;font-size:10pt;' > For shipments made to customers, title generally passes to the customer when all requirements of the sales arrangement have been completed, which is generally at the time of de</font><font style='font-family:Times New Roman;font-size:10pt;' >livery. Revenue from product sales is recorded when title to the product transfers, no remaining performance obligations exist, the terms of the sale are fixed and collection is probable. Shipping terms include title transfer at either shipping point or </font><font style='font-family:Times New Roman;font-size:10pt;' >destination. Stated terms in sale agreements also include payment terms and freight terms. Net revenues include shipping revenues as appropriate.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Provisions for sales returns are estimated based on historical experience, and are adjusted for known return</font><font style='font-family:Times New Roman;font-size:10pt;' >s, if material. Customer incentive programs (primarily volume purchase rebates) and arrangements such as cooperative advertising, slotting fees and buy-downs are recorded as a reduction of net revenue in accordance with Financial Accounting Standards Boar</font><font style='font-family:Times New Roman;font-size:10pt;' >d (FASB) Accounting Standard Codification (ASC) 605-50, &#8220;Customer Payments and Incentives&#8221;. Customer rebates recorded in the Consolidated Statements of Income as a reduction in net revenue, </font><font style='font-family:Times New Roman;font-size:10pt;' >were $</font><font style='font-family:Times New Roman;font-size:10pt;' >12,428</font><font style='font-family:Times New Roman;font-size:10pt;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > $</font><font style='font-family:Times New Roman;font-size:10pt;' >11,552</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >9,707</font><font style='font-family:Times New Roman;font-size:10pt;' > in </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For certain products, consigned inventory is maintained at customer locations. For these products, revenue is recognized in the period that the inventory is consumed. Sales to distributors also require</font><font style='font-family:Times New Roman;font-size:10pt;color:#FF0000;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >a distri</font><font style='font-family:Times New Roman;font-size:10pt;' >bution agreement or purchase order. As a normal practice, distributors do not have a right of return.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cost of Sales</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >:</font><font style='font-family:Times New Roman;font-size:10pt;' > Cost of sales includes raw materials, container costs, direct labor, manufacturing overhead, shipping and receiving costs, freight costs,</font><font style='font-family:Times New Roman;font-size:10pt;' > depreciation of manufacturing equipment and other less significant indirect costs related to the production of our products.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Selling, General and Administrative (SG&amp;A) Expenses:</font><font style='font-family:Times New Roman;font-size:10pt;' > SG&amp;A expenses include sales and marketing, research and development, technic</font><font style='font-family:Times New Roman;font-size:10pt;' >al and customer service, finance, legal, human resources, general management and similar expenses.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Income Taxes:</font><font style='font-family:Times New Roman;font-size:10pt;' > The income tax provision is computed based on the pre-tax income included in the Consolidated Statements of Income before income from equity m</font><font style='font-family:Times New Roman;font-size:10pt;' >ethod investments. The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Enact</font><font style='font-family:Times New Roman;font-size:10pt;' >ed statutory tax rates applicable to future years are applied to differences between the financial statement carrying amounts and the tax basis of existing assets and liabilities. The effect on deferred taxes of a change in tax rates is recognized in inco</font><font style='font-family:Times New Roman;font-size:10pt;' >me in the period that includes the enactment date. Valuation allowances reduce deferred tax assets when it is not more-likely-than-not that a tax benefit will be realized. See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' > to Consolidated Financial Statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cash Equivalents:</font><font style='font-family:Times New Roman;font-size:10pt;' > Ca</font><font style='font-family:Times New Roman;font-size:10pt;' >sh equivalents are highly liquid instruments with an original</font><font style='font-family:Times New Roman;font-size:10pt;color:#FF0000;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >maturity of three months or less. </font><font style='font-family:Times New Roman;font-size:10pt;' >We review cash and cash equivalent balances on a bank by bank basis to identify book overdrafts. Book overdrafts occur when the amount of outstanding checks e</font><font style='font-family:Times New Roman;font-size:10pt;' >xceed the cash deposited at a given bank. Book overdrafts, if any, are included in trade payables in our Consolidated Balance Sheets and in operating activities from continuing operations in our Consolidated Statements of Cash Flows.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Restrictions on Cas</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >h:</font><font style='font-family:Times New Roman;font-size:10pt;' > There were no restrictions on cash as of </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. There are no contractual or regulatory restrictions on the ability of consolidated and unconsolidated subsidiaries to transfer funds to us, except for typical statutory restrictions which prohibit dis</font><font style='font-family:Times New Roman;font-size:10pt;' >tributions in excess of net capital or similar tests. The majority of our cash in non-U.S. locations is considered indefinitely reinvested.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Trade Receivable and Allowances:</font><font style='font-family:Times New Roman;font-size:10pt;' > Trade receivables are recorded at the invoiced amount and do not bear interest. </font><font style='font-family:Times New Roman;font-size:10pt;' >Allowances are maintained for doubtful accounts, credits related to pricing or quantities shipped and early payment discounts. The allowance for doubtful accounts includes an estimate of future uncollectible receivables based on the aging of the receivabl</font><font style='font-family:Times New Roman;font-size:10pt;' >e balance and our collection experience. The allowance also includes specific customer accounts when it is probable that the full amount of the receivable will not be collected. Invoices are written off against the allowance when the invoice is 18 month</font><font style='font-family:Times New Roman;font-size:10pt;' >s past terms. See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > to Consolidated Financial Statements for more information. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Inventories:</font><font style='font-family:Times New Roman;font-size:10pt;' > Inventories recorded at cost (not in excess of market value) as determined by the last-in, first-out method (LIFO) represent approximately </font><font style='font-family:Times New Roman;font-size:10pt;' >37</font><font style='font-family:Times New Roman;font-size:10pt;' > percent of consolidated inventories. During </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' > there were no liquidations of LIFO inventory layers. The remaining inventories, which include all non-U.S. operations, are valued at the lower of cost (mainly weighted-av</font><font style='font-family:Times New Roman;font-size:10pt;' >erage actual cost) or market value.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Investments:</font><font style='font-family:Times New Roman;font-size:10pt;' > Investments with a value of </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >7,196</font><font style='font-family:Times New Roman;font-size:10pt;' > represent the </font><font style='font-family:Times New Roman;font-size:10pt;' >cash </font><font style='font-family:Times New Roman;font-size:10pt;' >surrender </font><font style='font-family:Times New Roman;font-size:10pt;' >value of life insurance</font><font style='font-family:Times New Roman;font-size:10pt;' > contracts</font><font style='font-family:Times New Roman;font-size:10pt;color:#FF0000;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >on </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' >. These assets are held to primarily support supplemental pension plans and are recorded in</font><font style='font-family:Times New Roman;font-size:10pt;' > other assets in the Consolidated Balance Sheets. The corresponding gain or loss associated with these contracts is reported in earnings each period as a component of &#8220;other income (expense)</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >,</font><font style='font-family:Times New Roman;font-size:10pt;' > net&#8221;.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Investments in Equity Securities Carried at Cost:</font><font style='font-family:Times New Roman;font-size:10pt;' >&#160; Fair v</font><font style='font-family:Times New Roman;font-size:10pt;' >alue of cost method investments is assessed according to accounting standards</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >&#160; During 2012, we determined the fair value of two of our cost basis investments was lower than the investment value on our balance sheet. </font><font style='font-family:Times New Roman;font-size:10pt;color:#252525;' >Since both of these</font><font style='font-family:Times New Roman;font-size:10pt;' > impairments were c</font><font style='font-family:Times New Roman;font-size:10pt;' >onsidered other than temporary, we recorded non-cash charges associated with these impairments of $1,517.&#160; We did not have any impairment of our cost method investments for the years ended November 29, 2014 and November 30, 2013.&#160; The book value of the cos</font><font style='font-family:Times New Roman;font-size:10pt;' >t method investments was $</font><font style='font-family:Times New Roman;font-size:10pt;' >1,671</font><font style='font-family:Times New Roman;font-size:10pt;' > as of </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >1,674</font><font style='font-family:Times New Roman;font-size:10pt;' > as of </font><font style='font-family:Times New Roman;font-size:10pt;' >November 30, 2013</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Property, Plant and Equipment:</font><font style='font-family:Times New Roman;font-size:10pt;' > Property, plant and equipment are carried at cost and depreciated over the useful lives of the assets using the straight-line </font><font style='font-family:Times New Roman;font-size:10pt;' >method. Estimated useful lives range from </font><font style='font-family:Times New Roman;font-size:10pt;' >20</font><font style='font-family:Times New Roman;font-size:10pt;' > to </font><font style='font-family:Times New Roman;font-size:10pt;' >40</font><font style='font-family:Times New Roman;font-size:10pt;' > years for buildings and improvements, </font><font style='font-family:Times New Roman;font-size:10pt;' >3</font><font style='font-family:Times New Roman;font-size:10pt;' > to </font><font style='font-family:Times New Roman;font-size:10pt;' >20</font><font style='font-family:Times New Roman;font-size:10pt;' > years for machinery and equipment, and the shorter of the lease or expected life for leasehold improvemen</font><font style='font-family:Times New Roman;font-size:10pt;' >ts. Fully depreciated assets are retained in property and accumulated depreciation accounts until removed from service. Upon disposal, assets and related accumulated depreciation are removed. Upon sale of an asset, the difference between the proceeds an</font><font style='font-family:Times New Roman;font-size:10pt;' >d remaining net book value is charged or credited to other income (expense), net on the Consolidated Statements of Income.</font><font style='font-family:Times New Roman;font-size:10pt;' > Expenditures that add value or extend the life of the respective assets are capitalized, while expenditures that are typical recurri</font><font style='font-family:Times New Roman;font-size:10pt;' >ng repairs and maintenance are expensed as incurred. </font><font style='font-family:Times New Roman;font-size:10pt;' >Interest costs associated with construction and implementation of property, plant and equipment of $</font><font style='font-family:Times New Roman;font-size:10pt;' >2,725</font><font style='font-family:Times New Roman;font-size:10pt;' >, $</font><font style='font-family:Times New Roman;font-size:10pt;' >1,921</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >151</font><font style='font-family:Times New Roman;font-size:10pt;' > were capitalized in </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, r</font><font style='font-family:Times New Roman;font-size:10pt;' >espectively.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Goodwill:</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >We test goodwill for impairment annually during the fourth quarter and whenever events occur or changes in circumstances indicate that impairment may have occurred. Impairment testing is performed for each of our reporting units by</font><font style='font-family:Times New Roman;font-size:10pt;' > comparing the reporting unit&#8217;s estimated fair value to its carrying amount, including goodwill.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > We </font><font style='font-family:Times New Roman;font-size:10pt;' >use a discounted cash flow approach to estimate the fair value of </font><font style='font-family:Times New Roman;font-size:10pt;' >our</font><font style='font-family:Times New Roman;font-size:10pt;' > reporting units. </font><font style='font-family:Times New Roman;font-size:10pt;' >Our </font><font style='font-family:Times New Roman;font-size:10pt;' >judgment is required in developing the assumptions for the disc</font><font style='font-family:Times New Roman;font-size:10pt;' >ounted cash flow model. These assumptions include revenue growth rates, profit margin percentages, discount rates, perpetuity growth rates, future capital expenditures</font><font style='font-family:Times New Roman;font-size:10pt;' > and working capital requirements</font><font style='font-family:Times New Roman;font-size:10pt;' >. If the estimated fair value of a reporting unit </font><font style='font-family:Times New Roman;font-size:10pt;' >exceeds its carrying value, goodwill is considered to not be impaired. If the carrying value exceeds estimated fair value, there is an indication of potential impairment</font><font style='font-family:Times New Roman;font-size:10pt;' >, and we calculate an implied fair value of goodwill. </font><font style='font-family:Times New Roman;font-size:10pt;' >The implied fair value </font><font style='font-family:Times New Roman;font-size:10pt;' >is calcu</font><font style='font-family:Times New Roman;font-size:10pt;' >lated as the difference between the fair value of the reporting unit and the fair value of the individual assets and liabilities of the reporting unit, excluding goodwill. An impairment charge is recorded for any excess of the carrying value over the impl</font><font style='font-family:Times New Roman;font-size:10pt;' >ied fair value. Based on our </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' > annual assessment, we </font><font style='font-family:Times New Roman;font-size:10pt;' >determined that none of </font><font style='font-family:Times New Roman;font-size:10pt;' >our </font><font style='font-family:Times New Roman;font-size:10pt;' >goodwill was impaired. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Intangible Assets:</font><font style='font-family:Times New Roman;font-size:10pt;' > Intangible assets include patents and other intangible assets acquired from independent parties and are amortized on a </font><font style='font-family:Times New Roman;font-size:10pt;' >stra</font><font style='font-family:Times New Roman;font-size:10pt;' >ight-line basis </font><font style='font-family:Times New Roman;font-size:10pt;' >with estimated useful lives ranging </font><font style='font-family:Times New Roman;font-size:10pt;' >from </font><font style='font-family:Times New Roman;font-size:10pt;' >3</font><font style='font-family:Times New Roman;font-size:10pt;' > to </font><font style='font-family:Times New Roman;font-size:10pt;' >20</font><font style='font-family:Times New Roman;font-size:10pt;' > years. The straight-line method of amortization of these assets reflects an appropriate allocation of the costs of the intangible assets to earnings in p</font><font style='font-family:Times New Roman;font-size:10pt;' >roportion to the amount of economic benefits obtained in each reporting period. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Impairment of Long-Lived Assets: </font><font style='font-family:Times New Roman;font-size:10pt;' > Our long-lived assets are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) m</font><font style='font-family:Times New Roman;font-size:10pt;' >ay not be recoverable. </font><font style='font-family:Times New Roman;font-size:10pt;' >An impairment loss would be recognized when the carrying amount of an asset (asset group) exceeds the estimated undiscounted future cash flows expected to result from the use of the asset (asset group) and its eventual disposition. </font><font style='font-family:Times New Roman;font-size:10pt;' > The impairment loss to be recorded would be the excess of the asset&#39;s carrying value over its fair value. </font><font style='font-family:Times New Roman;font-size:10pt;' >Fair value is generally determined using a discounted cash flow analysis or other valuation technique. Costs related to internally developed intang</font><font style='font-family:Times New Roman;font-size:10pt;' >ible assets are expensed as incurred</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Foreign Currency Translation:</font><font style='font-family:Times New Roman;font-size:10pt;' > Assets and liabilities of non-U.S. functional currency entities are translated to U.S. dollars at period-end exchange rates, and the resulting gains and losses arising from the translation</font><font style='font-family:Times New Roman;font-size:10pt;' > of those net assets are recorded as a cumulative translation adjustment, a component of accumulated other comprehensive income (loss) in stockholders&#39; equity. Revenues and expenses are translated using average exchange rates during the year. Foreign cur</font><font style='font-family:Times New Roman;font-size:10pt;' >rency transaction gains and losses are included in other income (expense), net in the Consolidated Statements of Income. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >We consider a subsidiary&#8217;s sales price drivers, currency denomination of sales transactions and inventory purchases to be the primary</font><font style='font-family:Times New Roman;font-size:10pt;' > indicators in determining a foreign subsidiary&#8217;s functional currency. Our subsidiaries in </font><font style='font-family:Times New Roman;font-size:10pt;' >Latin America</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >certain European countries</font><font style='font-family:Times New Roman;font-size:10pt;' > have a functional currency different than their local currency. All other foreign subsidiaries, which are located in N</font><font style='font-family:Times New Roman;font-size:10pt;' >orth America, Europe and Asia, have the same local and functional currency. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Pension and Other Postretirement Benefits:</font><font style='font-family:Times New Roman;font-size:10pt;' > We sponsor defined-benefit pension plans in both the U.S. and non-U.S. entities. Also in the U.S. we sponsor other postretirement plan</font><font style='font-family:Times New Roman;font-size:10pt;' >s for health care and life insurance benefits. Expenses and liabilities for the pension plans and other postretirement plans are actuarially calculated. These calculations are based on our assumptions related to the discount rate, expected return on asse</font><font style='font-family:Times New Roman;font-size:10pt;' >ts, projected salary increases and health care cost trend rates. The discount rate assumption is determined using an actuarial yield curve approach, which </font><font style='font-family:Times New Roman;font-size:10pt;' >results in </font><font style='font-family:Times New Roman;font-size:10pt;' >a discount rate that reflects the characteristics of the plan. The approach identifies a</font><font style='font-family:Times New Roman;font-size:10pt;' > broad </font><font style='font-family:Times New Roman;font-size:10pt;' >population</font><font style='font-family:Times New Roman;font-size:10pt;' > of corporate bonds that meet the quality and size criteria for the particular plan. We use this approach rather than a specific index that has a certain set of bonds that may or may not be representative of the characteristics of our par</font><font style='font-family:Times New Roman;font-size:10pt;' >ticular plan. Our expected long-term rate of return on U.S. plan assets was based on our target asset allocation assumption </font><font style='font-family:Times New Roman;font-size:10pt;' >of </font><font style='font-family:Times New Roman;font-size:10pt;' >60 percent equities and 40</font><font style='font-family:Times New Roman;font-size:10pt;' > percent</font><font style='font-family:Times New Roman;font-size:10pt;' > fixed-income. Management, in conjunction with our external financial advisors, determines th</font><font style='font-family:Times New Roman;font-size:10pt;' >e expected long-term rate of return on plan assets by considering the expected future returns and volatility levels for each asset class that are based on historical returns and forward</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >looking observations. The expected long-term rate of return on plan a</font><font style='font-family:Times New Roman;font-size:10pt;' >ssets assumption used in each non-U.S. plan is determined on a plan-by-plan basis for each local jurisdiction and is based on expected future returns for the investment mix of assets currently in the portfolio for that plan.&#160; Management, in conjunction wit</font><font style='font-family:Times New Roman;font-size:10pt;' >h our external financial advisors, develops expected rates of return for each plan, considers expected long-term returns for each asset category in the plan, reviews expectations for inflation for each local jurisdiction, and estimates the impact of active</font><font style='font-family:Times New Roman;font-size:10pt;' > management of the plan&#8217;s assets. </font><font style='font-family:Times New Roman;font-size:10pt;' >Note </font><font style='font-family:Times New Roman;font-size:10pt;' >10</font><font style='font-family:Times New Roman;font-size:10pt;' > to the Consolidated Financial Statements includes disclosure of assumptions employed in these measurements for both the non-U.S. and U.S. plans.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Asset Retirement Obligations:</font><font style='font-family:Times New Roman;font-size:10pt;' > We recognize asset retirement obligations (AROs) in the period in which we have an existing legal obligation associated with the retirement of a tangible long-lived asset, and the amount can be reasonably estimated. The ARO is recognized at fair value w</font><font style='font-family:Times New Roman;font-size:10pt;' >hen the liability is incurred. Upon initial recognition of a liability, that cost is capitalized as part of the related long-lived asset and depreciated on a straight-line basis over the remaining estimated useful life of the related asset. We have recog</font><font style='font-family:Times New Roman;font-size:10pt;' >nized a liability related to special handling of asbestos related materials in certain facilities for which we have plans or expectation of plans to undertake a major renovation or demolition project that would </font><font style='font-family:Times New Roman;font-size:10pt;' >require the removal of asbestos or have plans</font><font style='font-family:Times New Roman;font-size:10pt;' > or expectation of plans to exit a facility. In addition, we have determined that we have facilities with some level of asbestos that will require abatement action in the future. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Once the probability and timeframe of an action are determined, we apply ce</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rtain assumptions to determine the related liability and asset. These assumptions include the use of inflation rates, the use of credit adjusted risk-free discount rates and the estimation of costs to handle asbestos related materials. The recorded liabi</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >lity is required to be adjusted for changes resulting from the passage of time and/or revisions to the timing or the amount of the original estimate. The asset retirement obligation liability was $</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >2,515</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >3,236</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > at </font><font style='font-family:Times New Roman;font-size:10pt;' >November 29, 2014</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >November 30, 2013</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, respectively. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Environmental Costs:</font><font style='font-family:Times New Roman;font-size:10pt;' > Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations, and which do not contribute to cu</font><font style='font-family:Times New Roman;font-size:10pt;' >rrent or future revenue generation, are expensed. Liabilities are recorded when environmental assessments are made, or remedial efforts are probable, and the costs can be reasonably estimated. The timing of these accruals is generally no later than the c</font><font style='font-family:Times New Roman;font-size:10pt;' >ompletion of feasibility studies.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Share-based Compensation: </font><font style='font-family:Times New Roman;font-size:10pt;' >We have various share-based compensation programs, which provide for equity awards, including stock options and restricted stock.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >We</font><font style='font-family:Times New Roman;font-size:10pt;' > use the straight-line method to recognize compensation expens</font><font style='font-family:Times New Roman;font-size:10pt;' >e associated with share-based awards based on the fair value on the date of grant, net of the estimated forfeiture rate. Expense is recognized over the requisite service period related to each award, which is the period between the grant date and the earl</font><font style='font-family:Times New Roman;font-size:10pt;' >ier of the award&#8217;s stated vesting term or the date the employee is eligible for early retirement based on the terms of the plan. The fair value of stock options is estimated using the Black-Scholes option pricing model. All of our stock compensation expe</font><font style='font-family:Times New Roman;font-size:10pt;' >nse is recorded in SG&amp;A expenses in the Consolidated Statements of Income.</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >3</font><font style='font-family:Times New Roman;font-size:10pt;' > to the Consolidated Financial Statements for additional information.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Earnings Per Share:</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >Basic earnings per share is calculated by dividing </font><font style='font-family:Times New Roman;font-size:10pt;' >net income</font><font style='font-family:Times New Roman;font-size:10pt;' > a</font><font style='font-family:Times New Roman;font-size:10pt;' >ttributable to H.B. Fuller by the weighted-</font><font style='font-family:Times New Roman;font-size:10pt;' >average number of common shares outstanding during the applicable per</font><font style='font-family:Times New Roman;font-size:10pt;' >iod. Diluted earnings per share is based upon the weighted-average number of common and common equivalent shares outstanding during the applicab</font><font style='font-family:Times New Roman;font-size:10pt;' >le period. The difference between basic and diluted earnings per share is attributable to share-based compensation awards. We use the treasury stock method to calculate the effect of outstanding awards, which computes total employee proceeds as the sum of </font><font style='font-family:Times New Roman;font-size:10pt;' >(a) the amount the employee must pay upon exercise of the award, (b) the amount of unearned share-based compensation costs attributed to future services and (c) the amount of tax benefits, if any, that would be credited to additional paid-in capital assumi</font><font style='font-family:Times New Roman;font-size:10pt;' >ng exercise of the award. Share-based compensation awards for which total employee proceeds exceed the average market price over the applicable period have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of </font><font style='font-family:Times New Roman;font-size:10pt;' >diluted earnings per share. </font><font style='font-family:Times New Roman;font-size:10pt;' >The computations for basic and diluted earnings per share follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:287.25pt;text-align:left;border-color:Black;min-width:287.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >(shares in thousands)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >2014</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >2013</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >2012</font></td></tr><tr style='height:15pt;' ><td style='width:287.25pt;text-align:left;border-color:Black;min-width:287.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Net income attributable to H.B. Fuller</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 49,773 </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 96,761 </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:9pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:51pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 125,622 </font></td></tr><tr style='height:15pt;' ><td style='width:287.25pt;text-align:left;border-color:Black;min-width:287.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted-average common shares &#8211; basic</font></td><td style='width:9pt;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:56.25pt;text-align:right;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 50,006 </font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 49,893 </font></td><td style='width:9pt;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 49,571 </font></td></tr><tr style='height:15pt;' ><td style='width:287.25pt;text-align:left;border-color:Black;min-width:287.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Equivalent shares from share-based compensation plans</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 1,249 </font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 1,243 </font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 1,047 </font></td></tr><tr style='height:15pt;' ><td style='width:287.25pt;text-align:left;border-color:Black;min-width:287.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Weighted-average common and common equivalent shares &#8211; diluted</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;border-color:Black;min-width:9pt;' ></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > 51,255 </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 51,136 </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:9pt;' ></td><td style='width:51pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:51pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 50,618 </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Share-based compensation awards for </font><font style='font-family:Times New Roman;font-size:10pt;' >421,810</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >112,367</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >7,372</font><font style='font-family:Times New Roman;font-size:10pt;' > shares for </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively, were excluded from the diluted earnings per share calculation </font><font style='font-family:Times New Roman;font-size:10pt;' >because they were</font><font style='font-family:Times New Roman;font-size:10pt;' > antidilutive.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:12pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Financial Instruments and Derivatives:</font><font style='font-family:Times New Roman;font-size:10pt;' > Our objective is to balance, where possible, local currency denominated assets to local currency denominated liabilities to have a natural hedge and minimize foreign exchange impacts. We minimize ris</font><font style='font-family:Times New Roman;font-size:10pt;' >ks from foreign currency exchange rate fluctuations through normal operating and financing activities and, when deemed appropriate, through the use of derivative instruments. Derivatives consisted primarily of forward currency contracts used to manage for</font><font style='font-family:Times New Roman;font-size:10pt;' >eign currency denominated assets and liabilities. Because derivative instruments outstanding were not designated as hedges for accounting purposes, the gains and losses related to mark-to-market adjustments were recognized as other income or expense in th</font><font style='font-family:Times New Roman;font-size:10pt;' >e income statement during the periods the derivative instruments were outstanding. We do not enter into any speculative positions with regard to derivative instruments.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >11</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >to the Consolidated Financial Statements </font><font style='font-family:Times New Roman;font-size:10pt;' >for further inform</font><font style='font-family:Times New Roman;font-size:10pt;' >ation.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Purchase of Company Common Stock:</font><font style='font-family:Times New Roman;font-size:10pt;' > Under the Minnesota Business Corporation Act, repurchased stock is included in authorized shares, but is not included in shares outstanding. The excess of the repurchase cost over par value is charged to additiona</font><font style='font-family:Times New Roman;font-size:10pt;' >l paid-in capital. </font><font style='font-family:Times New Roman;font-size:10pt;' >When additional paid-in capital is exhausted, the excess reduces retained earnings. We </font><font style='font-family:Times New Roman;font-size:10pt;' >repurchased </font><font style='font-family:Times New Roman;font-size:10pt;' >67,593</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >62,124</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >54,289</font><font style='font-family:Times New Roman;font-size:10pt;' > shares of common stock in </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' >, respectively, in connection with the statutory minimum for the tax withholdings related to</font><font style='font-family:Times New Roman;font-size:10pt;' > vesting of restricted shares. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >On September 30, 2010, the Board of Directors authorized a share repurchase program of up to $</font><font style='font-family:Times New Roman;font-size:10pt;' >100,000</font><font style='font-family:Times New Roman;font-size:10pt;' > of our outstanding </font><font style='font-family:Times New Roman;font-size:10pt;' >common shares. During </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, we repurchased </font><font style='font-family:Times New Roman;font-size:10pt;' >250,000</font><font style='font-family:Times New Roman;font-size:10pt;' > shares for $</font><font style='font-family:Times New Roman;font-size:10pt;' >12,254</font><font style='font-family:Times New Roman;font-size:10pt;' > under this program. During 2013 we repurchased 375,000 shares for $15,292 </font><font style='font-family:Times New Roman;font-size:10pt;' >and during </font><font style='font-family:Times New Roman;font-size:10pt;' >2012 we repurchased 100,000 shares for $2,999 </font><font style='font-family:Times New Roman;font-size:10pt;' >under this program</font><font style='font-family:Times New Roman;font-size:10pt;' >. See No</font><font style='font-family:Times New Roman;font-size:10pt;' >te </font><font style='font-family:Times New Roman;font-size:10pt;' >9</font><font style='font-family:Times New Roman;font-size:10pt;' > to the Consolidated Financial Statements for further information.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>

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