XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Income Statement [Abstract]        
Net sales $ 1,320,795 $ 1,240,833 $ 2,468,219 $ 2,413,496
Cost of goods sold 561,353 512,007 1,055,983 1,022,190
Gross profit 759,442 728,826 1,412,236 1,391,306
Advertising expense 46,344 43,357 76,691 77,490
Selling, general and administrative expenses 204,349 191,211 408,330 381,995
Research and development expense 224,394 201,518 445,878 410,524
Total operating expense 475,087 436,086 930,899 870,009
Operating income 284,355 292,740 481,337 521,297
Other income (expense):        
Interest income 18,760 8,495 34,659 16,048
Foreign currency gains (losses) 10,797 (22,439) 18,484 (25,946)
Other income 2,064 170 3,268 3,431
Total other income (expense) 31,621 (13,774) 56,411 (6,467)
Income before income taxes 315,976 278,966 537,748 514,830
Income tax provision 28,037 21,093 47,482 45,366
Net income $ 287,939 $ 257,873 $ 490,266 $ 469,464
Net income per share:        
Basic $ 1.51 $ 1.34 $ 2.56 $ 2.43
Diluted $ 1.5 $ 1.33 $ 2.56 $ 2.43
Weighted average common shares outstanding:        
Basic 191,293 193,074 191,395 192,980
Diluted 191,597 193,450 191,741 193,515