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Condensed Consolidated Statements of Operations- Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Oct. 02, 2020
Sep. 27, 2019
Income Statement [Abstract]        
Sales $ 235,942 $ 303,587 $ 804,483 $ 932,457
Cost of sales 178,009 210,201 591,985 653,477
Gross profit 57,933 93,386 212,498 278,980
Operating expenses:        
Selling, general and administrative expenses (Note 10) 3,609 32,935 73,969 101,034
Research, development and engineering costs 11,892 11,729 37,879 34,720
Other operating expenses 2,674 2,241 7,631 8,239
Total operating expenses 18,175 46,905 119,479 143,993
Operating income 39,758 46,481 93,019 134,987
Interest expense, net 9,368 12,337 29,002 39,779
(Gain) loss on equity investments, net (2,234) (986) (3,954) 666
Other (income) loss, net 1,224 (369) (233) (921)
Income from continuing operations before taxes 31,400 35,499 68,204 95,463
Provision for income taxes 1,058 4,913 6,373 15,289
Income from continuing operations 30,342 30,586 61,831 80,174
Discontinued operations:        
Income from discontinued operations before taxes 0 0 0 5,316
Provision for income taxes 0 0 0 178
Income from discontinued operations 0 0 0 5,138
Net income $ 30,342 $ 30,586 $ 61,831 $ 85,312
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 0.92 $ 0.94 $ 1.88 $ 2.46
Income from discontinued operations (in dollars per share) 0 0 0 0.16
Basic earnings per share (in dollars per share) 0.92 0.94 1.88 2.62
Diluted earnings per share:        
Income from continuing operations (in dollars per share) 0.92 0.92 1.87 2.43
Income from discontinued operations (in dollars per share) 0 0 0 0.16
Diluted earnings per share (in dollars per share) $ 0.92 $ 0.92 $ 1.87 $ 2.58
Weighted average shares outstanding:        
Basic (in shares) 32,859 32,660 32,833 32,606
Diluted (in shares) 33,076 33,068 33,107 33,019