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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,007,396 $ 994,676
Cost of sales 628,661 664,166
Gross profit 378,735 330,510
Selling, General and Administrative Expense 215,407 206,071
Restructuring Charges 2,306 1,875
Income from operations [1],[2] 161,022 122,564
Net interest expense and deferred financing amortization, net 29,462 17,654
Net periodic pension benefit (other than service costs) (2,251) (11,516)
Other (income) expense, net 1,896 4,061
Earnings before income taxes 131,915 112,365
Provision for income taxes 32,826 26,610
Net earnings $ 99,089 $ 85,755
Net earnings per share:    
Earnings Per Share, Basic $ 1.85 $ 1.57
Earnings Per Share, Diluted $ 1.82 $ 1.52
Weighted average number of shares    
Basic (in shares) 53,594,000 54,669,000
Dilutive common stock equivalents (in shares) 783,000 1,694,000
Diluted (in shares) 54,377,000 56,363,000
Comprehensive income $ 114,918 $ 97,272
[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.(4)Includes depreciation on right of use assets.