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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Dec. 26, 2020
Income Statement [Abstract]      
Net sales $ 2,513,897 $ 2,079,928 $ 1,445,695
Cost of sales 1,506,984 1,308,002 944,523
Gross profit 1,006,913 771,926 501,172
Selling, general, and administrative expenses 344,813 275,457 204,507
Research and development expenses 95,602 65,940 52,538
Amortization of intangibles 55,695 42,729 40,039
Restructuring, impairment, and other charges 9,977 2,158 41,716
Total operating expenses 506,087 386,284 338,800
Operating income 500,826 385,642 162,372
Interest expense 26,216 18,527 21,077
Foreign exchange loss (gain) 24,359 17,158 (14,875)
Other expense (income), net 7,207 8,932 (5,083)
Income before income taxes 443,044 341,025 161,253
Income taxes 69,738 57,219 31,267
Net income $ 373,306 $ 283,806 $ 129,986
Income per share:      
Basic (in dollars per share) $ 15.09 $ 11.54 $ 5.33
Diluted (in dollars per share) $ 14.94 $ 11.38 $ 5.29
Weighted average shares and equivalent shares outstanding:      
Basic (in shares) 24,734 24,603 24,371
Diluted (in shares) 24,986 24,932 24,592