v2.3.0.11

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands	Jul. 01, 2011	Jul. 02, 2010	Jul. 01, 2011	Jul. 02, 2010
Net sales:
Net product and service sales	$ 869,638	$ 788,146	$ 1,626,895	$ 1,530,071
Sales agency fee income	6,367	6,171	12,865	11,906
Revenues	876,005	794,317	1,639,760	1,541,977
Cost of sales	511,307	449,222	959,026	879,657
Gross profit	364,698	345,095	680,734	662,320
Selling, general and administrative expenses	258,709	254,306	514,034	504,262
Research and development expenses	18,686	16,530	36,290	33,257
Restructuring credits	(925)	(1,799)	(1,149)	(2,520)
Operating profit	88,228	76,058	131,559	127,321
Other (income) expense:
Interest expense	23,020	27,642	48,795	55,464
Interest income	(894)	(1,796)	(2,164)	(2,259)
Other (income) expense, net	435	18	110	3,754
Income from continuing operations before income taxes	65,667	50,194	84,818	70,362
Income tax provision	25,316	20,694	39,187	40,437
Income from continuing operations	40,351	29,500	45,631	29,925
Loss from discontinued operations, net of income taxes	0	(8,743)	0	(9,061)
Net income	$ 40,351	$ 20,757	$ 45,631	$ 20,864

This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.

DIVERSEY, INC. 10-Q