CTS CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - UNAUDITED (In thousands, except per share amounts) Net sales Three Months Ended December 31, December 31, 2014 2013 Twelve Months Ended December 31, December 31, 2014 2013 $ $ 100,378 $ 102,386 404,021 $ 409,461 Costs and expenses: Cost of goods sold Selling, general and administrative expenses Research and development expenses Restructuring charge 67,352 15,783 5,798 1,135 72,220 17,327 5,481 2,348 274,058 59,136 22,563 5,941 288,108 69,989 23,222 10,455 Operating earnings 10,310 5,010 42,323 17,687 Other (expense) income: Interest expense Interest income Other income (expense) Total other income (expense) (563) 827 (1,817) (1,553) (482) 601 1,358 1,477 (2,326) 2,786 (3,435) (2,975) (3,264) 1,901 1,739 376 Earnings from continuing operations before income taxes 8,757 6,487 39,348 18,063 Income tax expense 1,793 2,339 12,826 16,066 Earnings from continuing operations 6,964 4,148 26,522 1,997 Discontinued operations Loss from discontinued operations, net of tax - (7,129) - (5,926) Net earnings (loss) $ 6,964 $ (2,981) $ 26,522 $ (3,929) Net earnings (loss) per share: Basic Continuing operations Discontinued operations Net earnings (loss) attributable to CTS Corporation $ 0.21 0.21 $ 0.12 (0.21) (0.09) $ 0.79 0.79 $ 0.06 (0.18) (0.12) $ $ 0.12 (0.21) (0.09) 0.78 0.78 $ $ 0.21 0.21 $ 0.06 (0.18) (0.12) $ 0.040 $ 0.040 0.160 $ 0.145 Diluted Continuing operations Discontinued operations Net earnings (loss) attributable to CTS Corporation Cash dividends declared per share Average common shares outstanding: Basic Diluted $ $ $ $ $ 33,431 33,594 33,618 33,601 33,935 34,314 34,130 34,249