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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Revenue from Contract with Customer, Excluding Assessed Tax $ 994,676 $ 758,058
Cost of sales 664,166 482,184
Gross profit 330,510 275,874
Selling, General and Administrative Expense 206,071 154,957
Restructuring Charges 1,875 794
Gain (Loss) on Disposition of Assets 0 (1,050)
Income from operations [1],[2] 122,564 121,173 [3]
Net interest expense and deferred financing amortization, net 17,654 16,067
Net periodic pension benefit (other than service costs) (11,516) (11,373)
Other (income) expense, net 4,061 (1,691)
Earnings before income taxes 112,365 118,170
Provision for income taxes 26,610 28,907
Net earnings $ 85,755 $ 89,263
Net earnings per share:    
Earnings Per Share, Basic $ 1.57 $ 1.62
Earnings Per Share, Diluted $ 1.52 $ 1.59
Weighted average number of shares    
Basic (in shares) 54,669,000 55,213,000
Dilutive common stock equivalents (in shares) 1,694,000 753,000
Diluted (in shares) 56,363,000 55,966,000
Comprehensive income $ 97,272 $ 87,091
[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.
[3] Gain on sale of plants are included in Commercial Foodservice.