XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Net sales [1] $ 580,456 $ 436,291 $ 1,096,811 $ 842,887
Cost of sales 346,954 263,402 666,536 512,436
Gross profit 233,502 172,889 430,275 330,451
Selling and distribution expenses 58,025 45,332 111,714 92,441
General and administrative expenses 57,174 42,719 113,277 81,993
Restructuring Charges     6,996 6,077
Income from operations 111,913 [1] 83,360 [1] 198,288 149,940
Net interest expense and deferred financing amortization, net 6,059 4,048 11,335 7,797
Other (income) expense, net (3,838) (366) (4,638) 4,195
Earnings before income taxes 109,692 79,678 191,591 137,948
Provision for income taxes 36,801 25,411 64,162 45,450
Net earnings $ 72,891 $ 54,267 $ 127,429 $ 92,498
Net earnings per share:        
Basic (in usd per share) $ 1.28 $ 0.95 $ 2.23 $ 1.62
Diluted (in usd per share) $ 1.28 $ 0.95 $ 2.23 $ 1.62
Weighted average number of shares        
Basic (in shares) 57,022 56,963 57,037 56,940
Dilutive common stock equivalents (in shares) 0 [2] 2 [2] 0 1
Diluted (in shares) 57,022 56,965 57,037 56,941
Comprehensive income $ 54,388 $ 61,149 $ 112,187 $ 83,231
[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] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjdlMjMyYTNkYzZkMzQyNmRiNmUzMDQzMWE4OGI1OWNifFRleHRTZWxlY3Rpb246MUY2Q0QxNTgwRTRFNUNFRDkzN0FDMDhBRjhFOUUwMzIM}