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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2020
Jun. 28, 2019
Jul. 03, 2020
Jun. 28, 2019
Sales $ 183,102 $ 192,122 $ 367,463 $ 353,822
Cost of sales 123,116 129,902 250,862 240,545
Gross profit 59,986 62,220 116,601 113,277
Operating expenses:        
Sales and marketing 12,561 11,264 24,624 20,526
Research and development 8,236 7,763 16,265 15,066
General and administrative 14,566 12,158 36,979 23,338
Amortization of purchased intangibles 5,264 1,564 7,807 3,057
Total operating expenses 40,627 32,749 85,675 61,987
Income from operations 19,359 29,471 30,926 51,290
Other expense, net:        
Interest expense 2,892 1,005 4,739 1,834
Other expense 71 582 133 569
Other expense, net 2,963 1,587 4,872 2,403
Income before income taxes 16,396 27,884 26,054 48,887
Provision for income taxes 3,204 4,522 4,124 7,123
Net income 13,192 23,362 21,930 41,764
Less: net income attributable to non-controlling interest 584 441   740
Net income attributable to FOX stockholders $ 12,608 $ 22,921 $ 20,858 $ 41,024
Earnings per share:        
Basic (in dollars per share) $ 0.32 $ 0.60 $ 0.54 $ 1.07
Diluted (in dollars per share) $ 0.32 $ 0.59 $ 0.53 $ 1.05
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 38,991 38,286 38,781 38,164
Diluted (in shares) 39,584 39,181 39,368 39,140
Level 3        
Other expense, net:        
Less: net income attributable to non-controlling interest     $ 1,072