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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
Revenue $ 312,638 $ 288,777 $ 794,193 $ 733,511
Less excise taxes 19,544 19,043 49,392 48,321
Net revenue 293,094 269,734 744,801 685,190
Cost of goods sold 136,084 126,738 351,950 328,579
Gross profit 157,010 142,996 392,851 356,611
Operating expenses:        
Advertising, promotional and selling expenses 78,205 65,024 209,823 192,202
General and administrative expenses 17,707 15,748 52,972 48,300
Impairment of assets 218 1,577 218 1,577
Total operating expenses 96,130 82,349 263,013 242,079
Operating income 60,880 60,647 129,838 114,532
Other income (expense), net:        
Interest income (expense), net 0 31 7 23
Other income (expense), net (527) (371) (798) (307)
Total other income (expense), net (527) (340) (791) (284)
Income before income tax provision 60,353 60,307 129,047 114,248
Provision for income taxes 21,729 22,381 46,748 42,579
Net income $ 38,624 $ 37,926 $ 82,299 $ 71,669
Net income per common share - basic $ 2.93 $ 2.91 $ 6.20 $ 5.50
Net income per common share - diluted $ 2.85 $ 2.79 $ 6.02 $ 5.29
Weighted-average number of common shares - diluted 13,507 13,495 13,602 13,472
Net Income $ 38,624 $ 37,926 $ 82,299 $ 71,669
Other comprehensive income, net of tax:        
Foreign currency translation adjustment (14) 0 (13) 0
Comprehensive income $ 38,610 $ 37,926 $ 82,286 $ 71,669
Common Class A        
Other income (expense), net:        
Net income per common share - basic $ 2.93 $ 2.91 $ 6.20 $ 5.50
Net income per common share - diluted $ 2.85 $ 2.79 $ 6.02 $ 5.29
Weighted-average number of common shares - basic 9,655 9,248 9,667 9,148
Weighted-average number of common shares - diluted 13,507 13,495 13,602 13,472
Common Class B        
Other income (expense), net:        
Net income per common share - basic $ 2.93 $ 2.91 $ 6.20 $ 5.50
Weighted-average number of common shares - basic [1] 3,467 3,727 3,539 3,801
[1] Change in Class B Common Stock resulted from the conversion of 110,000 share to Class A Common Stock on November 4, 2014 and 150,000 shares to Class A Common Stock on May 6, 2015, with the thirteen and thirty-nine-week number of shares reflecting the weighted average for the periods.