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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Revenue from Contract with Customer, Excluding Assessed Tax $ 980,651 $ 992,871 $ 3,028,029 $ 3,001,148
Cost of sales 605,329 627,639 1,880,736 1,944,664
Gross profit 375,322 365,232 1,147,293 1,056,484
Selling, General and Administrative Expense 196,433 201,200 615,361 596,757
Restructuring Charges 4,448 2,327 11,698 8,231
Income from operations [1],[2] 174,441 161,705 520,234 451,496
Net interest expense and deferred financing amortization, net 31,080 24,067 92,071 62,563
Net periodic pension benefit (other than service costs) (2,103) (9,944) (6,929) (32,244)
Other (income) expense, net 1,072 8,529 2,642 18,478
Earnings before income taxes 144,392 139,053 432,450 402,699
Provision for income taxes 35,742 34,684 107,861 99,327
Net earnings $ 108,650 $ 104,369 $ 324,589 $ 303,372
Net earnings per share:        
Earnings Per Share, Basic $ 2.03 $ 1.94 $ 6.06 $ 5.60
Earnings Per Share, Diluted $ 2.01 $ 1.92 $ 5.99 $ 5.50
Weighted average number of shares        
Basic (in shares) 53,588,000 53,867,000 53,569,000 54,190,000
Dilutive common stock equivalents (in shares) 569,000 517,000 623,000 944,000
Diluted (in shares) 54,157,000 54,384,000 54,192,000 55,134,000
Comprehensive income $ 76,504 $ 64,883 $ 317,203 $ 208,597
[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.(4)Includes depreciation on right of use assets.