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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Net sales $ 459,183 $ 313,355 $ 876,996 $ 598,797
Cost of sales 290,196 180,747 558,386 352,539
Gross profit 168,987 132,608 318,610 246,258
Selling, general, and administrative expenses 73,244 53,438 150,758 100,139
Research and development expenses 22,748 12,729 45,288 24,881
Amortization of intangibles 13,373 6,171 25,371 12,115
Total operating expenses 109,365 72,338 221,417 137,135
Operating income 59,622 60,270 97,193 109,123
Interest expense 5,782 3,281 11,205 6,401
Foreign exchange loss (gain) 3,200 (558) (7,354) (2,115)
Other (income) expense, net (1,678) 190 (3,621) 52
Income before income taxes 52,318 57,357 96,963 104,785
Income taxes 9,992 8,719 18,609 17,255
Net income $ 42,326 $ 48,638 $ 78,354 $ 87,530
Income per share:        
Basic (in dollars per share) $ 1.69 $ 2.13 $ 3.18 $ 3.84
Diluted (in dollars per share) $ 1.67 $ 2.11 $ 3.12 $ 3.80
Weighted-average shares and equivalent shares outstanding:        
Basic (in shares) 25,004 22,822 24,671 22,785
Diluted (in shares) 25,401 23,023 25,086 23,005