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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Net sales $ 210,855 [1] $ 173,412 [1] $ 393,427 [1] $ 334,095 [1]
Cost of sales 125,518 103,988 236,260 201,198
Gross profit 85,337 69,424 157,167 132,897
Selling expenses 21,569 19,036 42,137 36,661
General and administrative expenses 28,520 20,659 48,418 40,072
Income from operations 35,248 [1] 29,729 [1] 66,612 [1] 56,164 [1]
Net interest expense and deferred financing amortization 2,119 2,246 4,179 4,721
Other expense, net 1,608 220 1,446 564
Earnings before income taxes 31,521 27,263 60,987 50,879
Provision for income taxes 11,893 9,754 23,534 19,608
Net earnings $ 19,628 $ 17,509 $ 37,453 $ 31,271
Net earnings per share:        
Basic $ 1.09 $ 0.98 $ 2.08 $ 1.76
Diluted $ 1.06 $ 0.96 $ 2.02 $ 1.71
Weighted average number of shares        
Basic 18,052 17,863 17,976 17,808
Dilutive equity awards 527 [2] 459 [2] 536 [2] 461 [2]
Diluted 18,579 18,322 18,512 18,269
[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] There were no anti-dilutive equity awards excluded from common stock equivalents for any period presented.