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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenue from Contract with Customer, Excluding Assessed Tax $ 942,809 $ 980,651 $ 2,861,281 $ 3,028,029
Cost of sales 587,375 605,329 1,779,847 1,880,736
Gross profit 355,434 375,322 1,081,434 1,147,293
Selling, General and Administrative Expense 179,476 196,433 584,108 615,361
Restructuring Charges 2,519 4,448 11,046 11,698
Income from operations [1],[3] 173,439 [2] 174,441 [2] 486,280 520,234
Net interest expense and deferred financing amortization, net 21,399 31,080 72,239 92,071
Net periodic pension benefit (other than service costs) (3,876) (2,103) (11,244) (6,929)
Other (income) expense, net 1,239 1,072 995 2,642
Earnings before income taxes 154,677 144,392 424,290 432,450
Provision for income taxes 40,511 35,742 108,161 107,861
Net earnings $ 114,166 $ 108,650 $ 316,129 $ 324,589
Net earnings per share:        
Earnings Per Share, Basic $ 2.12 $ 2.03 $ 5.88 $ 6.06
Earnings Per Share, Diluted $ 2.11 $ 2.01 $ 5.84 $ 5.99
Weighted average number of shares        
Basic (in shares) 53,770,000 53,588,000 53,730,000 53,569,000
Dilutive common stock equivalents (in shares) 267,000 569,000 438,000 623,000
Diluted (in shares) 54,037,000 54,157,000 54,168,000 54,192,000
Comprehensive income $ 162,648 $ 76,504 $ 331,171 $ 317,203
[1] .
[2] .
[3] Restructuring expenses are allocated in operating income by segment.
(4)Includes depreciation on right of use assets.