XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 2,190,768 $ 2,362,657 $ 2,513,897
Cost of sales 1,403,226 1,462,416 1,506,984
Gross profit 787,542 900,241 1,006,913
Selling, general, and administrative expenses 350,421 354,655 344,813
Research and development expenses 107,773 102,429 95,602
Amortization of intangibles 62,127 65,794 55,695
Restructuring, impairment, and other charges 108,441 16,501 9,977
Total operating expenses 628,762 539,379 506,087
Operating income 158,780 360,862 500,826
Interest expense 38,717 39,866 26,216
Foreign exchange (gain) loss 9,230 (12,299) (24,359)
Other (income) expense, net (22,570) (19,901) 7,207
Income before income taxes 151,863 328,598 443,044
Income taxes 51,673 69,113 69,738
Net income $ 100,190 $ 259,485 $ 373,306
Income per share:      
Basic (in dollars per share) $ 4.04 $ 10.44 $ 15.09
Diluted (in dollars per share) $ 4.00 $ 10.34 $ 14.94
Weighted average shares and equivalent shares outstanding:      
Basic (in shares) 24,821 24,854 24,734
Diluted (in shares) 25,039 25,102 24,986