XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Jun. 25, 2022
Jun. 26, 2021
Income Statement [Abstract]        
Net sales $ 1,240,833 $ 1,326,905 $ 2,413,496 $ 2,399,232
Cost of goods sold 512,007 546,054 1,022,190 976,825
Gross profit 728,826 780,851 1,391,306 1,422,407
Advertising expense 43,357 42,939 77,490 74,000
Selling, general and administrative expenses 191,211 180,717 381,995 352,705
Research and development expense 201,518 186,023 410,524 374,871
Total operating expense 436,086 409,679 870,009 801,576
Operating income 292,740 371,172 521,297 620,831
Other income (expense):        
Interest income 8,495 7,018 16,048 14,670
Foreign currency losses (22,439) (7,326) (25,946) (15,607)
Other income 170 1,195 3,431 2,679
Total other income (expense) (13,774) 887 (6,467) 1,742
Income before income taxes 278,966 372,059 514,830 622,573
Income tax provision 21,093 55,062 45,366 85,548
Net income $ 257,873 $ 316,997 $ 469,464 $ 537,025
Net income per share:        
Basic $ 1.34 $ 1.65 $ 2.43 $ 2.80
Diluted $ 1.33 $ 1.64 $ 2.43 $ 2.78
Weighted average common shares outstanding:        
Basic 193,074 192,150 192,980 192,023
Diluted 193,450 192,871 193,515 192,840