XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Income Statement [Abstract]        
Net revenues $ 652,507 $ 609,866 $ 1,266,091 $ 1,197,096
Cost of goods sold 279,583 265,088 548,425 521,048
Gross profit 372,924 344,778 717,666 676,048
Selling, general and administrative expenses 236,186 229,917 463,879 445,254
Research and development expenses 27,595 26,018 54,745 52,045
Restructuring and impairment charges 1,685 55,353 19,080 58,416
Gain on sale of assets 0 0 (2,739) 0
Income from continuing operations before interest and taxes 107,458 33,490 182,701 120,333
Interest expense 20,758 26,649 43,450 52,592
Interest income (472) (183) (811) (456)
Income from continuing operations before taxes 87,172 7,024 140,062 68,197
Taxes on income from continuing operations 3,844 9,576 14,816 15,818
Income from continuing operations 83,328 (2,552) 125,246 52,379
Operating income (loss) from discontinued operations 61 94 (1,282) 1,329
Tax (benefit) on income (loss) from discontinued operations 14 38 (308) 20
Income (loss) from discontinued operations 47 56 (974) 1,309
Net income (loss) $ 83,375 $ (2,496) $ 124,272 $ 53,688
Basic:        
Income from continuing operations (in dollars per share) $ 1.80 $ (0.06) $ 2.72 $ 1.15
Income (loss) from discontinued operations (in dollars per share) 0.01 0.01 (0.02) 0.03
Net income (in dollars per share) 1.81 (0.05) 2.70 1.18
Diluted:        
Income from continuing operations (in dollars per share) 1.77 (0.06) 2.67 1.12
Loss from discontinued operations (in dollars per share) 0 0.01 (0.03) 0.03
Net income (in dollars per share) $ 1.77 $ (0.05) $ 2.64 $ 1.15
Weighted average common shares outstanding        
Basic (in shares) 46,172 45,581 46,111 45,455
Diluted (in shares) 47,036 45,581 46,989 46,771