XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net Sales $ 1,087,164 $ 1,235,687 $ 1,901,743 $ 2,276,987
Cost of sales 597,358 686,769 1,086,150 1,245,174
Gross Profit 489,806 548,918 815,593 1,031,813
Advertising and promotion expenses 90,026 90,194 166,073 163,945
Other selling and administrative expenses 337,005 333,644 701,783 662,721
Operating income (loss) 62,775 125,080 (52,263) 205,147
Interest expense 30,642 32,811 61,770 65,860
Interest (income) (4,321) (1,959) (10,840) (3,161)
Other non-operating (income) expense, net (2,147) 7,147 (3,586) 16,259
Income (loss) before income taxes 38,601 87,081 (99,607) 126,189
Provision (benefit) for income taxes 14,424 26,585 (12,575) 50,495
(Income) from equity method investments (3,010) (5,944) (7,747) (12,200)
Net Income (Loss) $ 27,187 $ 66,440 $ (79,285) $ 87,894
Net income (loss) per common share - basic (USD per share) $ 0.08 $ 0.19 $ (0.22) $ 0.25
Weighted-average number of common shares (in shares) 354,577 353,457 354,748 352,837
Net income (loss) per common share - diluted (USD per share) $ 0.08 $ 0.18 $ (0.22) $ 0.24
Weighted average number of common and potential common shares (in shares) 357,214 359,838 354,748 358,948