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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenue from Contract with Customer, Excluding Assessed Tax $ 634,525 $ 724,014 $ 1,783,961 $ 2,171,820
Cost of sales 411,776 453,986 1,157,896 1,358,001
Gross profit 222,749 270,028 626,065 813,819
Selling, General and Administrative Expense 128,814 144,460 384,580 445,000
Restructuring Charges 7,263 4,223 10,281 6,806
Income from operations [1],[2] 86,672 121,345 231,204 362,013
Net interest expense and deferred financing amortization, net 18,418 20,846 55,881 63,334
Net periodic pension benefit (other than service costs) (10,149) (7,175) (30,004) (22,233)
Other (income) expense, net (294) 1,444 3,414 (489)
Earnings before income taxes 78,697 106,230 201,913 321,401
Provision for income taxes 18,181 24,210 46,456 78,158
Net earnings $ 60,516 $ 82,020 $ 155,457 $ 243,243
Net earnings per share:        
Earnings Per Share, Basic $ 1.10 $ 1.47 $ 2.82 $ 4.37
Earnings Per Share, Diluted $ 1.10 $ 1.47 $ 2.82 $ 4.37
Weighted average number of shares        
Basic (in shares) 54,982,000 55,663,000 55,104,000 55,641,000
Dilutive common stock equivalents (in shares) 118,000 0 48,000 0
Diluted (in shares) 55,100,000 55,663,000 55,152,000 55,641,000
Comprehensive income $ 82,887 $ 55,915 $ 133,201 $ 191,876
[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.