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Consolidated Statements of Net Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Net sales $ 1,221,534 $ 1,056,159 $ 867,864
Cost of sales 715,001 643,042 537,365
Gross profit 506,533 413,117 330,499
Selling, general, and administrative expenses 212,833 206,129 153,714
Research and development expenses 50,489 42,198 30,802
Pension settlement expenses 29,928
Amortization of intangibles 24,700 19,337 11,898
Impairment of goodwill and intangible assets 14,809
Total operating expenses 288,022 282,473 226,342
Operating income 218,511 130,644 104,157
Interest expense 13,380 8,628 4,091
Foreign exchange loss (gain) 2,376 472 (1,465)
Other (income) expense, net (1,282) (1,730) (5,417)
Income before income taxes 204,037 123,274 106,948
Income taxes 84,518 18,786 26,082
Net income $ 119,519 $ 104,488 $ 80,866
Income per share:      
Basic (in dollars per share) $ 5.27 $ 4.63 $ 3.58
Diluted (in dollars per share) $ 5.21 $ 4.60 $ 3.56
Weighted-average shares and equivalent shares outstanding:      
Basic (in shares) 22,687 22,559 22,565
Diluted (in shares) 22,931 22,727 22,719