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Condensed Consolidated Statements of Operations (Unaudited) - 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 $ 160,766 $ 182,394 $ 318,814 $ 354,010
Cost of sales 108,659 120,448 216,120 239,159
Gross profit 52,107 61,946 102,694 114,851
Selling, general and administrative expenses 39,250 38,719 78,971 76,847
Research and Development Expense 5,215 3,238 10,328 7,464
Amortization of Intangible Assets 2,439 2,637 4,906 5,274
Costs of Transaction Services Agreement 0 999 0 1,704
Restructuring and severance costs 2,927 1,516 3,096 2,868
Gain (Loss) on Disposition of Business 0 0 0 234
Net (gain) loss on sale of assets (4) 5 56 15
Operating income 2,280 14,832 5,337 20,445
Interest expense, net 1,993 4,335 4,474 8,586
Non-service pension and post-retirement benefit income (5,024) (6,577) (10,287) (13,220)
Income from Transaction Services Agreement 0 (442) 0 (917)
Other expense, net 690 158 1,194 447
Earnings before income taxes 4,621 17,358 9,956 25,549
Income tax expense 557 5,502 1,864 5,709
Net earnings $ 4,064 $ 11,856 $ 8,092 $ 19,840
Earnings per share:        
Basic earnings per share (in usd per share) $ 0.15 $ 0.43 $ 0.29 $ 0.71
Diluted earnings per share (in usd per share) $ 0.14 $ 0.42 $ 0.29 $ 0.71
Average shares outstanding:        
Basic (in shares) 28,005 27,867 27,977 27,841
Diluted (in shares) 28,059 27,913 28,071 27,890