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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Revenue from Contract with Customer, Excluding Assessed Tax $ 724,014 $ 713,331 $ 2,171,820 $ 1,966,259
Cost of sales 453,986 452,171 1,358,001 1,242,707
Gross profit 270,028 261,160 813,819 723,552
Selling, General and Administrative Expense 144,460 141,372 445,000 399,328
Restructuring Charges 4,223 12,111 6,806 18,245
Income from operations [1],[2] 121,345 107,677 362,013 305,979
Net interest expense and deferred financing amortization, net 20,846 19,143 63,334 38,370
Net Periodic Benefit Cost, Other Components (7,175) (9,225) (22,233) (28,046)
Other (income) expense, net 1,444 (260) (489) 371
Earnings before income taxes 106,230 98,019 321,401 295,284
Provision for income taxes 24,210 25,114 78,158 72,971
Net earnings $ 82,020 $ 72,905 $ 243,243 $ 222,313
Net earnings per share:        
Earnings Per Share, Basic $ 1.47 $ 1.31 $ 4.37 $ 4.00
Earnings Per Share, Diluted $ 1.47 $ 1.31 $ 4.37 $ 4.00
Weighted average number of shares        
Basic (in shares) 55,663,000 55,577,000 55,641,000 55,575,000
Dilutive common stock equivalents (in shares) [3] 0 0 0 0
Diluted (in shares) 55,663,000 55,577,000 55,641,000 55,575,000
Comprehensive income $ 55,915 $ 69,027 $ 191,876 $ 212,754
[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.
[2] Restructuring expenses are allocated in operating income by segment. See note 17 for further details.
[3]
1There were no anti-dilutive equity awards excluded from common stock equivalents for any period presented.