XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Income Statement [Abstract]    
Net sales $ 449,045 $ 354,386
Cost of sales 373,754 287,590
Gross margin 75,291 66,796
Selling, general, and administrative expense 41,662 36,776
Research and development expense 7,074 6,206
Restructuring expense (income) 1,076 (378)
Other—net 5,873 4,474
Operating profit 19,606 19,718
Other non-operating income—net (1,169) (1,276)
Interest expense—net 3,735 761
Income before income taxes 17,040 20,233
Income tax expense 3,021 3,466
Net income $ 14,019 $ 16,767
Basic earnings per share:    
Net income (loss) per share of common stock (in dollars per share) $ 0.69 $ 0.82
Diluted earnings per share:    
Net income (loss) per share of common stock (in dollars per share) $ 0.68 $ 0.81
Weighted-average number of shares of common stock outstanding:    
Basic (in shares) 20,464 20,374
Diluted (in shares) 20,724 20,628