XML 61 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Jul. 04, 2015
Jun. 28, 2014
Net sales [1] $ 436,291 $ 424,776 $ 842,887 $ 797,254
Cost of sales 263,402 258,602 512,436 488,104
Gross profit 172,889 166,174 330,451 309,150
Selling and distribution expenses 45,332 48,102 92,441 95,072
General and administrative expenses 44,197 42,333 88,070 82,406
Income from operations 83,360 [1] 75,739 [1] 149,940 131,672
Net interest expense and deferred financing amortization, net 4,048 4,169 7,797 8,156
Other (income) expense, net (366) 195 4,195 1,060
Earnings before income taxes 79,678 71,375 137,948 122,456
Provision for income taxes 25,411 22,970 45,450 40,606
Net earnings $ 54,267 $ 48,405 $ 92,498 $ 81,850
Net earnings per share:        
Basic (in usd per share) $ 0.95 $ 0.85 $ 1.62 $ 1.44
Diluted (in usd per share) $ 0.95 $ 0.85 $ 1.62 $ 1.44
Weighted average number of shares        
Basic (in shares) 56,963 56,866 56,940 56,661
Dilutive common stock equivalents (in shares) 2 [2] 1 [2] 1 1
Diluted (in shares) 56,965 56,867 56,941 56,662
Comprehensive income $ 61,149 $ 50,038 $ 83,231 $ 85,264
[1] Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2] There were no anti-dilutive equity awards excluded from common stock equivalents for any period presented.