XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Revenue from Contract with Customer, Excluding Assessed Tax $ 808,773 $ 471,977 $ 1,566,831 $ 1,149,436
Cost of sales 505,047 318,851 987,231 746,120
Gross profit 303,726 153,126 579,600 403,316
Selling, General and Administrative Expense 165,711 111,824 320,668 255,766
Restructuring Charges 1,011 2,184 1,805 3,018
Gain (Loss) on Disposition of Assets 287 0 (763) 0
Income from operations [1] 136,717 39,118 257,890 [2] 144,532 [2]
Net interest expense and deferred financing amortization, net 14,222 21,750 30,289 37,463
Net periodic pension benefit (other than service costs) (11,532) (9,766) (22,905) (19,855)
Other (income) expense, net (469) 382 (2,160) 3,708
Earnings before income taxes 134,496 26,752 252,666 123,216
Provision for income taxes 13,911 5,590 42,818 28,275
Net earnings $ 120,585 $ 21,162 $ 209,848 $ 94,941
Net earnings per share:        
Earnings Per Share, Basic $ 2.18 $ 0.39 $ 3.80 $ 1.72
Earnings Per Share, Diluted $ 2.13 $ 0.39 $ 3.73 $ 1.72
Weighted average number of shares        
Basic (in shares) 55,230,000 54,935,000 55,222,000 55,165,000
Dilutive common stock equivalents (in shares) 1,443,000 22,000 1,098,000 12,000
Diluted (in shares) 56,673,000 54,957,000 56,320,000 55,177,000
Comprehensive income $ 121,935 $ 35,862 $ 209,026 $ 50,314
[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.