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Condensed Consolidated Statements of Net Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Net sales $ 317,889 $ 280,331 $ 916,685 $ 771,641
Cost of sales 184,238 166,572 536,776 472,861
Gross profit 133,651 113,759 379,909 298,780
Selling, general, and administrative expenses 56,759 56,589 156,899 150,047
Research and development expenses 11,991 10,403 36,872 30,884
Amortization of intangibles 6,292 4,432 18,407 13,384
Impairment of goodwill and intangible assets 14,809 14,809
Total operating expenses 75,042 86,233 212,178 209,124
Operating income 58,609 27,526 167,731 89,656
Interest expense 3,467 2,571 9,868 6,286
Foreign exchange loss (gain) 632 (4,700) (1,483) (7,114)
Other income, net (1,013) (778) (962) (1,040)
Income before income taxes 55,523 30,433 160,308 91,524
Income taxes 12,715 (369) 29,970 14,281
Net income $ 42,808 $ 30,802 $ 130,338 $ 77,243
Income per share:        
Basic (in dollars per share) $ 1.88 $ 1.36 $ 5.75 $ 3.43
Diluted (in dollars per share) $ 1.87 $ 1.35 $ 5.69 $ 3.41
Weighted-average shares outstanding:        
Basic (in shares) 22,713 22,578 22,678 22,515
Diluted (in shares) 22,953 22,734 22,906 22,675