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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]        
Net sales $ 445,295 $ 370,999 $ 894,340 $ 725,385
Cost of sales 357,868 301,418 731,622 589,008
Gross margin 87,427 69,581 162,718 136,377
Selling, general, and administrative expense 42,047 38,060 83,708 74,836
Research and development expense 7,592 6,604 14,666 12,810
Restructuring expense (income) 0 0 1,076 (378)
Other—net 5,928 4,194 11,801 8,668
Operating profit 31,860 20,723 51,467 40,441
Other non-operating income—net (1,168) (1,277) (2,337) (2,553)
Interest expense—net 4,701 858 8,437 1,619
Income before income taxes 28,327 21,142 45,367 41,375
Income tax expense 5,072 3,274 8,093 6,740
Net income $ 23,255 $ 17,868 $ 37,274 $ 34,635
Basic earnings per share:        
Net income per share of common stock (in dollars per share) $ 1.13 $ 0.87 $ 1.82 $ 1.70
Diluted earnings per share:        
Net income per share of common stock (in dollars per share) $ 1.12 $ 0.87 $ 1.80 $ 1.68
Weighted-average number of shares of common stock outstanding:        
Basic (in shares) 20,517 20,429 20,491 20,402
Diluted (in shares) 20,723 20,651 20,743 20,647