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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Net sales [1] $ 579,343 $ 580,456 $ 1,109,640 $ 1,096,811
Cost of sales 344,735 346,954 665,582 666,536
Gross profit 234,608 233,502 444,058 430,275
Selling, General and Administrative Expense 113,020 115,199 219,666 224,991
Restructuring Charges 11,494 6,390 13,219 6,996
Gain (Loss) on Disposition of Assets (12,042) 0 (12,042) 0
Income from operations 122,136 [1] 111,913 [1] 223,215 198,288
Net interest expense and deferred financing amortization, net 5,702 6,059 11,507 11,335
Other (income) expense, net 302 (3,838) 2,169 (4,638)
Earnings before income taxes 116,132 109,692 209,539 191,591
Provision for income taxes 38,563 36,801 61,268 64,162
Net earnings $ 77,569 $ 72,891 $ 148,271 $ 127,429
Net earnings per share:        
Basic (in usd per share) $ 1.35 $ 1.28 $ 2.59 $ 2.23
Diluted (in usd per share) $ 1.35 $ 1.28 $ 2.59 $ 2.23
Weighted average number of shares        
Basic (in shares) 57,299 57,022 57,201 57,037
Dilutive common stock equivalents (in shares) 0 [2] 0 [2] 0 0
Diluted (in shares) 57,299 57,022 57,201 57,037
Comprehensive income $ 88,542 $ 54,388 $ 168,052 $ 112,187
[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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