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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Jul. 24, 2022
Oct. 01, 2022
Oct. 02, 2021
Jul. 24, 2022
Oct. 02, 2021
Income Statement [Abstract]          
Net sales $ 365,445 $ 1,274,883 $ 1,444,405 $ 3,736,084 $ 4,111,558
Cost of sales 292,047 1,041,260 1,134,909 2,929,699 3,230,605
Gross profit 73,398 233,623 309,496 806,385 880,953
Selling, general and administrative expenses 56,193 179,692 206,801 513,184 616,498
Restructuring and impairment charges, net 975 2,399 971 92 7,461
Strategic development and acquisition related costs 28,895 2,735 22,250 49,560 25,502
Loss (gain) on divestitures 0 1,762 (831,252) (401,413) (831,252)
Gain on legal settlements 0 0 0 (76,575) 0
Income (loss) from operations (12,665) 47,035 910,726 721,537 1,062,744
Interest expense (11,401) (65,813) (43,731) (101,078) (147,688)
Foreign exchange gain (loss) (454) 12,489 (1,270) 686 (1,067)
Gain (loss) on extinguishment of debt 24,801 0 0 28,354 (42,234)
Other income, net 114 172 408 101 1,378
Income (loss) before income taxes 395 (6,117) 866,133 649,600 873,133
Income taxes (1,049) (1,672) 245,598 165,814 245,326
Net income (loss) 1,444 (4,445) 620,535 483,786 627,807
Net income allocated to participating securities (11) 0 (8,380) (3,575) (7,837)
Net income (loss) available to common shareholders $ 1,433 $ (4,445) $ 612,155 $ 480,211 $ 619,970
Income (loss) per common share:          
Basic (in USD per share) $ 0.01   $ 4.85 $ 3.77 $ 4.93
Diluted (in USD per share) $ 0.01   $ 4.82 $ 3.73 $ 4.90
Weighted average number of common shares outstanding:          
Basic (in shares) 127,544   126,159 127,316 125,840
Diluted (in shares) 129,127   127,079 128,894 126,602