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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 26, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of selected quarterly financial data (Unaudited) |
(in thousands, except per share data) |  |
| 2020 |  | 2019
| 4Q(a) |  | 3Q(b) |  | 2Q(c) |  | 1Q(d) |  | 4Q(e) |  | 3Q(f) |  | 2Q(g) |  | 1Q(h)
Net sales | $ | 400,696 |  |  | $ | 391,566 |  |  | $ | 307,337 |  |  | $ | 346,096 |  |  | $ | 338,523 |  |  | $ | 361,971 |  |  | $ | 397,879 |  |  | $ | 405,500 |
Gross profit (1) | 138,083 |  |  | 138,831 |  |  | 99,902 |  |  | 124,356 |  |  | 113,735 |  |  | 132,708 |  |  | 144,308 |  |  | 155,544 |
Operating income | 65,014 |  |  | 64,558 |  |  | (11,950) |  |  | 44,750 |  |  | 32,317 |  |  | 47,167 |  |  | 52,634 |  |  | 60,673 |
Net income | 58,977 |  |  | 55,356 |  |  | (8,991) |  |  | 24,644 |  |  | 22,654 |  |  | 35,647 |  |  | 43,792 |  |  | 36,989 |
Net income per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 2.41 |  |  | $ | 2.27 |  |  | $ | (0.37) |  |  | $ | 1.01 |  |  | $ | 0.93 |  |  | $ | 1.46 |  |  | $ | 1.77 |  |  | $ | 1.50 |
Diluted | $ | 2.39 |  |  | $ | 2.25 |  |  | $ | (0.37) |  |  | $ | 1.00 |  |  | $ | 0.92 |  |  | $ | 1.44 |  |  | $ | 1.75 |  |  | $ | 1.48 |
(1) The prior year gross profit amounts have been reclassified to reflect a change in classification of certain costs presented on the Company’s Consolidated Statements of Income. See Note 1, Summary of Significant Accounting Policies and Other Information for further information and this change had no impact on previously reported operating income and net income amounts. (a)In the fourth quarter of 2020, the Company recorded $0.7 million in acquisition-related and integration costs and $0.8 million in restructuring, impairment and other charges. (b)In the third quarter of 2020, the Company recorded $1.3 million in restructuring, impairment and other charges, $0.3 million in acquisition-related and integration costs, and $0.1 million of impairment charges on certain other investments. (c)In the second quarter of 2020, the Company recorded a goodwill impairment charge of $33.8 million associated with the automotive sensors reporting unit within the Automotive segment, $1.8 million in employee termination costs and other restructuring charges, $1.8 million increase to coal mining reserve, $0.2 million charge for an asset retirement obligation related to the disposal of a business in 2019, and $0.1 million in acquisition-related and integration costs. (d)In the first quarter of 2020, the Company recorded $4.0 million in restructuring, impairment and other charges and $1.2 million in acquisition-related and integration costs. (e)In the fourth quarter of 2019, the Company recorded $1.9 million in acquisition-related and integration costs and $2.1 million in restructuring, impairment and other costs, and $4.2 million impairment charges related to certain other investments, partially offset by a $3.3 million benefit for previously unrecognized tax benefits in respect of which the statute of limitation has expired. (f)In the third quarter of 2019, the Company recorded $3.2 million in acquisition-related and integration costs and $2.5 million in restructuring and impairment charges. (g)In the second quarter of 2019, the Company recorded $5.7 million in restructuring and impairment charges, $1.5 million in acquisition-related and integration costs, and $0.4 million costs primarily related to a sale of building and $0.2 million impairment charges related to a certain other investment. (h)In the first quarter of 2019, the Company recorded $2.8 million impairment charges to certain other investments, $2.6 million loss on the disposal of a business, $2.7 million in restructuring costs, $2.4 million in acquisition-related and integration costs, and $0.3 million gain primarily related to the final payments for the acquisition of Monolith.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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