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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Revenue from Contract with Customer, Excluding Assessed Tax $ 758,058 $ 677,459
Cost of sales 482,184 427,269
Gross profit 275,874 250,190
Selling, General and Administrative Expense 154,957 143,942
Restructuring Charges 794 834
Gain (Loss) on Disposition of Assets (1,050) 0
Income from operations [1],[2] 121,173 105,414
Net interest expense and deferred financing amortization, net 16,067 15,713
Net periodic pension benefit (other than service costs) (11,373) (10,089)
Other (income) expense, net (1,691) 3,326
Earnings before income taxes 118,170 96,464
Provision for income taxes 28,907 22,685
Net earnings $ 89,263 $ 73,779
Net earnings per share:    
Earnings Per Share, Basic $ 1.62 $ 1.33
Earnings Per Share, Diluted $ 1.59 $ 1.33
Weighted average number of shares    
Basic (in shares) 55,213,000 55,396,000
Dilutive common stock equivalents (in shares) 753,000 2,000
Diluted (in shares) 55,966,000 55,398,000
Comprehensive income $ 87,091 $ 14,452
[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.