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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Net sales $ 668,128 [1] $ 579,343 [1] $ 1,252,928 $ 1,109,640
Cost of sales 417,369 344,735 790,536 665,582
Gross profit 250,759 234,608 462,392 444,058
Selling, General and Administrative Expense 135,008 121,632 257,956 236,616
Restructuring Charges 4,441 11,494 6,134 13,219
Gain (Loss) on Disposition of Assets 0 (12,042) 0 (12,042)
Income from operations 111,310 [1] 113,524 [1] 198,302 206,265
Net interest expense and deferred financing amortization, net 10,404 5,702 19,227 11,507
Net Periodic Benefit Cost, Other Components (9,116) (8,612) (18,821) (16,950)
Other (income) expense, net (542) 302 631 2,169
Earnings before income taxes 110,564 116,132 197,265 209,539
Provision for income taxes 26,576 38,563 47,857 61,268
Net earnings $ 83,988 $ 77,569 $ 149,408 $ 148,271
Net earnings per share:        
Earnings Per Share, Basic $ 1.51 $ 1.35 $ 2.69 $ 2.59
Earnings Per Share, Diluted $ 1.51 $ 1.35 $ 2.69 $ 2.59
Weighted average number of shares        
Basic (in shares) 55,576,000 57,299,000 55,575,000 57,201,000
Dilutive common stock equivalents (in shares) 0 [2] 0 [2] 0 0
Diluted (in shares) 55,576,000 57,299,000 55,575,000 57,201,000
Comprehensive income $ 58,824 $ 88,542 $ 143,727 $ 168,052
[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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