XML 18 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Income Statement [Abstract]      
Net sales [1] $ 4,860,286 $ 4,982,795 $ 4,186,573
Cost of goods sold 2,053,511 2,092,336 1,705,237
Gross profit 2,806,775 2,890,459 2,481,336
Advertising expense 168,040 171,829 151,166
Selling, general and administrative expenses 775,963 721,260 623,588
Research and development expense 834,927 778,750 652,342
Total operating expense 1,778,930 1,671,839 1,427,096
Operating income 1,027,845 1,218,620 1,054,240
Other income (expense):      
Interest income 40,826 28,573 37,002
Foreign currency gains (losses) (11,274) (45,263) 2,825
Other income 7,577 4,866 9,343
Total other income (expense) 37,129 (11,824) 49,170
Income before income taxes 1,064,974 1,206,796 1,103,410
Income tax provision (benefit)      
Current 233,844 130,040 104,471
Deferred (142,455) (5,444) 6,615
Income tax expenses 91,389 124,596 111,086
Net income $ 973,585 $ 1,082,200 $ 992,324
Basic net income per share $ 5.06 $ 5.63 $ 5.19
Diluted net income per share $ 5.04 $ 5.61 $ 5.17
[1] The United States is the only country which constitutes greater than 10% of net sales to external customers.