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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenue $ 338,643 $ 289,574 $ 606,202 $ 491,405
Less excise taxes 20,236 16,474 36,144 27,848
Net revenue 318,407 273,100 570,058 463,557
Cost of goods sold 159,405 131,130 286,516 225,490
Gross profit 159,002 141,970 283,542 238,067
Advertising, promotional and selling expenses 94,079 86,510 165,802 154,031
General and administrative expenses 26,748 23,879 50,122 43,217
Impairment of assets 243 517 243 517
Total operating expenses 121,070 110,906 216,167 197,765
Operating income 37,932 31,064 67,375 40,302
Interest (expense) income, net (27) 273 610 478
Other income (expense), net 197 (203) (55) (488)
Total other income (expense), net 170 70 555 (10)
Income before income tax provision 38,102 31,134 67,930 40,292
Income tax provision 10,246 7,599 16,380 7,447
Net income $ 27,856 $ 23,535 $ 51,550 $ 32,845
Net income per common share - basic $ 2.39 $ 1.99 $ 4.42 $ 2.78
Net income per common share - diluted $ 2.36 $ 1.98 $ 4.38 $ 2.76
Weighted-average number of common shares — basic 11,672 11,797 11,654 11,801
Weighted-average number of common shares - diluted 11,684 11,787 11,660 11,809
Net income $ 27,856 $ 23,535 $ 51,550 $ 32,845
Other comprehensive income:        
Foreign currency translation adjustment 5 7 42 18
Comprehensive income $ 27,861 $ 23,542 $ 51,592 $ 32,863
Common Class A        
Net income per common share - basic $ 2.39 $ 1.99 $ 4.42 $ 2.78
Weighted-average number of common shares — basic 8,648 8,667 8,627 8,690
Common Class B        
Net income per common share - basic $ 2.39 $ 1.99 $ 4.42 $ 2.78
Weighted-average number of common shares — basic 2,918 3,018 2,918 3,018