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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
Net revenues $ 749,691 $ 743,259 $ 1,487,540 $ 1,454,191
Cost of goods sold 333,233 335,436 654,948 654,988
Gross profit 416,458 407,823 832,592 799,203
Selling, general and administrative expenses 250,631 223,306 493,461 456,022
Research and development expenses 41,094 39,448 78,393 80,917
Pension settlement charge 0 0 138,139 0
Restructuring and impairment charges 7,855 1,508 10,514 3,729
Income from continuing operations before interest and taxes 116,878 143,561 112,085 258,535
Interest expense 21,168 17,762 43,851 36,099
Interest income (1,787) (1,156) (3,453) (1,999)
Income from continuing operations before taxes 97,497 126,955 71,687 224,435
Taxes (benefit) on income from continuing operations 17,332 15,532 (24,219) 35,716
Income from continuing operations 80,165 111,423 95,906 188,719
Operating loss from discontinued operations (164) (114) (751) (825)
Tax benefit on operating loss from discontinued operations (37) (26) (172) (189)
Loss from discontinued operations (127) (88) (579) (636)
Net income $ 80,038 $ 111,335 $ 95,327 $ 188,083
Basic:        
Income from continuing operations (in dollars per share) $ 1.70 $ 2.37 $ 2.03 $ 4.02
Loss from discontinued operations (in dollars per share) 0 0 (0.01) (0.02)
Net income (in dollars per share) 1.70 2.37 2.02 4.00
Diluted:        
Income from continuing operations (in dollars per share) 1.69 2.35 2.02 3.99
Loss from discontinued operations (in dollars per share) 0 0 (0.01) (0.01)
Net income (in dollars per share) $ 1.69 $ 2.35 $ 2.01 $ 3.98
Weighted average common shares outstanding        
Basic (in shares) 47,151 46,981 47,130 46,965
Diluted (in shares) 47,361 47,329 47,378 47,307