XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 869,867 $ 954,840 $ 1,725,975 $ 1,720,890
Cost of goods sold 354,437 379,475 703,605 693,827
Gross profit 515,430 575,365 1,022,370 1,027,063
Advertising expense 29,285 41,523 56,165 69,139
Selling, general and administrative expenses 132,016 128,738 269,202 255,519
Research and development expense 165,740 148,883 331,131 294,801
Total operating expense 327,041 319,144 656,498 619,459
Operating income 188,389 256,221 365,872 407,604
Other income (expense):        
Interest income 10,455 13,735 22,481 27,439
Foreign currency (losses) gains (4,493) 3,413 (19,916) 3,727
Other income 3,241 2,409 6,789 3,273
Total other income 9,203 19,557 9,354 34,439
Income before income taxes 197,592 275,778 375,226 442,043
Income tax provision 13,412 52,122 29,866 78,214
Net income $ 184,180 $ 223,656 $ 345,360 $ 363,829
Net income per share:        
Basic $ 0.96 $ 1.18 $ 1.81 $ 1.92
Diluted $ 0.96 $ 1.17 $ 1.80 $ 1.91
Weighted average common shares outstanding:        
Basic 191,024 189,855 190,914 189,728
Diluted 191,597 190,714 191,640 190,657