XML 79 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Net Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 361,971 $ 439,191 $ 1,165,350 $ 1,316,187
Cost of sales 231,025 259,597 737,368 817,983
Gross profit 130,946 179,594 427,982 498,204
Selling, general, and administrative expenses 54,224 69,782 174,845 220,540
Research and development expenses 19,728 20,454 62,595 65,742
Amortization of intangibles 9,827 13,130 30,068 38,501
Total operating expenses 83,779 103,366 267,508 324,783
Operating income 47,167 76,228 160,474 173,421
Interest expense 5,559 5,775 16,834 16,980
Foreign exchange loss (gain) 4,968 982 5,636 (6,372)
Other (income) expense, net (4,764) 1,259 (3,406) (2,362)
Income before income taxes 41,404 68,212 141,410 165,175
Income taxes 5,757 14,666 24,982 33,275
Net income $ 35,647 $ 53,546 $ 116,428 $ 131,900
Income per share:        
Basic (in dollars per share) $ 1.46 $ 2.13 $ 4.72 $ 5.31
Diluted (in dollars per share) $ 1.44 $ 2.10 $ 4.68 $ 5.23
Weighted-average shares and equivalent shares outstanding:        
Basic (in shares) 24,482 25,109 24,646 24,817
Diluted (in shares) 24,684 25,471 24,894 25,212