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CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 558,489 $ 611,997 $ 1,093,874 $ 1,221,779
Cost of sales 351,485 377,165 699,062 741,990
Gross profit 207,004 234,832 394,812 479,789
Selling, general, and administrative expenses 93,371 94,543 179,498 182,853
Research and development expenses 27,146 24,496 54,813 51,786
Amortization of intangibles 15,729 16,885 31,554 33,751
Restructuring, impairment, and other charges 5,252 6,855 8,489 8,705
Total operating expenses 141,498 142,779 274,354 277,095
Operating income 65,506 92,053 120,458 202,694
Interest expense 9,975 10,056 19,586 19,702
Foreign exchange gain (315) (1,404) (5,357) (3,079)
Other income, net (5,298) (2,050) (10,619) (8,283)
Income before income taxes 61,144 85,451 116,848 194,354
Income taxes 15,678 15,380 22,930 35,538
Net income $ 45,466 $ 70,071 $ 93,918 $ 158,816
Earnings per share:        
Basic (in dollars per share) $ 1.83 $ 2.82 $ 3.78 $ 6.40
Diluted (in dollars per share) $ 1.82 $ 2.79 $ 3.75 $ 6.33
Weighted-average shares and equivalent shares outstanding:        
Basic (in shares) 24,822 24,839 24,867 24,810
Diluted (in shares) 25,030 25,095 25,075 25,078