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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Net sales [1] $ 574,224 $ 449,004 $ 1,671,035 $ 1,291,891
Cost of sales 342,496 271,822 1,009,032 784,258
Gross profit 231,728 177,182 662,003 507,633
Selling and distribution expenses 56,568 44,477 168,282 136,918
General and administrative expenses 52,572 46,929 165,849 128,922
Restructuring Charges 1,149 5,746 8,145 11,823
Income from operations 121,439 [1] 80,030 [1] 319,727 229,970
Net interest expense and deferred financing amortization, net 6,440 4,224 17,775 12,021
Other (income) expense, net 3,152 1,941 (1,486) 6,136
Earnings before income taxes 111,847 73,865 303,438 211,813
Provision for income taxes 35,996 25,040 100,158 70,490
Net earnings $ 75,851 $ 48,825 $ 203,280 $ 141,323
Net earnings per share:        
Basic (in usd per share) $ 1.33 $ 0.86 $ 3.56 $ 2.48
Diluted (in usd per share) $ 1.33 $ 0.86 $ 3.56 $ 2.48
Weighted average number of shares        
Basic (in shares) 57,022 56,963 57,032 56,948
Dilutive common stock equivalents (in shares) 0 [2] 3 [2] 0 2
Diluted (in shares) 57,022 56,966 57,032 56,950
Comprehensive income $ 55,345 $ 35,077 $ 167,532 $ 118,308
[1] Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
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