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Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Net sales $ 313,355 $ 271,912 $ 598,797 $ 491,310
Cost of sales 180,747 174,046 352,539 306,289
Gross profit 132,608 97,866 246,258 185,021
Selling, general, and administrative expenses 53,438 51,092 100,139 93,458
Research and development expenses 12,729 11,916 24,881 20,481
Amortization of intangibles 6,171 5,156 12,115 8,952
Total operating expenses 72,338 68,164 137,135 122,891
Operating income 60,270 29,702 109,123 62,130
Interest expense 3,281 1,670 6,401 3,715
Foreign exchange gain (558) (6,237) (2,115) (2,414)
Other expense (income), net 190 255 52 (262)
Income before income taxes 57,357 34,014 104,785 61,091
Income taxes 8,719 6,862 17,255 14,650
Net income $ 48,638 $ 27,152 $ 87,530 $ 46,441
Income per share:        
Basic (in dollars per share) $ 2.13 $ 1.21 $ 3.84 $ 2.07
Diluted (in dollars per share) $ 2.11 $ 1.20 $ 3.80 $ 2.05
Weighted-average shares and equivalent shares outstanding:        
Basic (in shares) 22,822 22,528 22,785 22,483
Diluted (in shares) 23,023 22,674 23,005 22,647