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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Net sales $ 713,331 [1] $ 593,043 [1] $ 1,966,259 $ 1,702,683
Cost of sales 452,171 364,524 1,242,707 1,030,106
Gross profit 261,160 228,519 723,552 672,577
Selling, General and Administrative Expense 141,372 114,857 399,328 351,473
Restructuring Charges 12,111 4,218 18,245 17,437
Gain (Loss) on Disposition of Assets 0 0 0 (12,042)
Income from operations 107,677 [1] 109,444 [1] 305,979 315,709
Net interest expense and deferred financing amortization, net 19,143 6,550 38,370 18,057
Net Periodic Benefit Cost, Other Components (9,225) (8,813) (28,046) (25,763)
Other (income) expense, net (260) (1,068) 371 1,101
Earnings before income taxes 98,019 112,775 295,284 322,314
Provision for income taxes 25,114 38,104 72,971 99,372
Net earnings $ 72,905 $ 74,671 $ 222,313 $ 222,942
Net earnings per share:        
Earnings Per Share, Basic $ 1.31 $ 1.31 $ 4.00 $ 3.91
Earnings Per Share, Diluted $ 1.31 $ 1.31 $ 4.00 $ 3.91
Weighted average number of shares        
Basic (in shares) 55,577,000 56,810,000 55,575,000 57,070,000
Dilutive common stock equivalents (in shares) 0 [2] 0 [2] 0 0
Diluted (in shares) 55,577,000 56,810,000 55,575,000 57,070,000
Comprehensive income $ 69,027 $ 84,320 $ 212,754 $ 252,372
[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.
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