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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenue from Contract with Customer, Excluding Assessed Tax $ 471,977 $ 761,004 $ 1,149,436 $ 1,447,806
Cost of sales 318,851 474,525 746,120 904,015
Gross profit 153,126 286,479 403,316 543,791
Selling, General and Administrative Expense 111,824 144,631 255,766 300,540
Restructuring Charges 2,184 2,241 3,018 2,583
Income from operations [1],[2] 39,118 139,607 144,532 240,668
Net interest expense and deferred financing amortization, net 21,750 21,968 37,463 42,488
Net Periodic Benefit Cost, Other Components (9,766) (7,297) (19,855) (15,058)
Other (income) expense, net 382 (520) 3,708 (1,933)
Earnings before income taxes 26,752 125,456 123,216 215,171
Provision for income taxes 5,590 33,246 28,275 53,948
Net earnings $ 21,162 $ 92,210 $ 94,941 $ 161,223
Net earnings per share:        
Earnings Per Share, Basic $ 0.39 $ 1.66 $ 1.72 $ 2.90
Earnings Per Share, Diluted $ 0.39 $ 1.66 $ 1.72 $ 2.90
Weighted average number of shares        
Basic (in shares) 54,935,000 55,660,000 55,165,000 55,630,000
Dilutive common stock equivalents (in shares) 22,000 0 12,000 0
Diluted (in shares) 54,957,000 55,660,000 55,177,000 55,630,000
Comprehensive income $ 35,862 $ 70,895 $ 50,314 $ 135,961
[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] Restructuring expenses are allocated in operating income by segment. See note 16 for further details.