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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Net sales [1] $ 593,043 $ 574,224 $ 1,702,683 $ 1,671,035
Cost of sales 364,524 342,496 1,030,106 1,009,032
Gross profit 228,519 231,728 672,577 662,003
Selling, General and Administrative Expense 106,044 109,140 325,710 334,131
Restructuring Charges 4,218 1,149 17,437 8,145
Gain (Loss) on Disposition of Assets 0 0 (12,042) 0
Income from operations 118,257 [1] 121,439 [1] 341,472 319,727
Net interest expense and deferred financing amortization, net 6,550 6,440 18,057 17,775
Other (income) expense, net (1,068) 3,152 1,101 (1,486)
Earnings before income taxes 112,775 111,847 322,314 303,438
Provision for income taxes 38,104 35,996 99,372 100,158
Net earnings $ 74,671 $ 75,851 $ 222,942 $ 203,280
Net earnings per share:        
Basic (in usd per share) $ 1.31 $ 1.33 $ 3.91 $ 3.56
Diluted (in usd per share) $ 1.31 $ 1.33 $ 3.91 $ 3.56
Weighted average number of shares        
Basic (in shares) 56,810 57,022 57,070 57,032
Dilutive common stock equivalents (in shares) 0 [2] 0 [2] 0 0
Diluted (in shares) 56,810 57,022 57,070 57,032
Comprehensive income $ 84,320 $ 55,345 $ 252,372 $ 167,532
[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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