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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenue from Contract with Customer, Excluding Assessed Tax $ 991,546 $ 1,039,982 $ 1,918,472 $ 2,047,378
Cost of sales 611,904 646,746 1,192,472 1,275,407
Gross profit 379,642 393,236 726,000 771,971
Selling, General and Administrative Expense 198,584 203,521 404,632 418,928
Restructuring Charges 5,350 4,944 8,527 7,250
Income from operations [1],[3] 175,708 [2] 184,771 312,841 345,793 [2]
Net interest expense and deferred financing amortization, net 24,566 31,529 50,840 60,991
Net periodic pension benefit (other than service costs) (3,690) (2,575) (7,368) (4,826)
Other (income) expense, net 56 (326) (244) 1,570
Earnings before income taxes 154,776 156,143 269,613 288,058
Provision for income taxes 39,381 39,293 67,650 72,119
Net earnings $ 115,395 $ 116,850 $ 201,963 $ 215,939
Net earnings per share:        
Earnings Per Share, Basic $ 2.15 $ 2.18 $ 3.76 $ 4.03
Earnings Per Share, Diluted $ 2.13 $ 2.16 $ 3.72 $ 3.98
Weighted average number of shares        
Basic (in shares) 53,765,000 53,527,000 53,710,000 53,560,000
Dilutive common stock equivalents (in shares) 307,000 515,000 523,000 649,000
Diluted (in shares) 54,072,000 54,042,000 54,233,000 54,209,000
Comprehensive income $ 104,000 $ 125,781 $ 168,523 $ 240,699
[1] .
[2] .
[3] Restructuring expenses are allocated in operating income by segment.
(4)Includes depreciation on right of use assets.