XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Statement of Comprehensive Income [Abstract]        
Net sales $ 775,535 $ 803,429 $ 1,528,001 $ 1,563,737
Cost of sales 537,737 549,678 1,058,276 1,072,960
Gross profit 237,798 253,751 469,725 490,777
Operating expenses:        
Selling, general and administrative 192,955 198,002 381,553 384,933
Depreciation and amortization 16,959 13,215 32,502 26,160
Share-based compensation 4,210 10,175 8,149 30,452
Total operating expenses 214,124 221,392 422,204 441,545
Income from operations 23,674 32,359 47,521 49,232
Other expenses (income):        
Interest expense, net 3,922 5,270 7,828 11,104
Gain on insurance recoveries (3,970) 0 (3,970) 0
Debt extinguishment and modification costs 0 0 0 198
Total other expenses (income) (48) 5,270 3,858 11,302
Income before income taxes 23,722 27,089 43,663 37,930
Income tax expense (benefit) 4,082 (2,244) 5,131 (4,045)
Net Income 19,640 29,333 38,532 41,975
Comprehensive income $ 19,640 $ 29,333 $ 38,532 $ 41,975
Basic earnings per share (in usd per share) $ 0.21 $ 0.32 $ 0.40 $ 0.47
Diluted earnings per share (in usd per share) $ 0.20 $ 0.30 $ 0.39 $ 0.43
Weighted average shares outstanding:        
Basic (in shares) 95,724 90,800 95,449 90,152
Diluted (in shares) 99,604 98,618 99,587 97,333