XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net Sales $ 1,079,728 $ 1,087,164 $ 1,889,237 $ 1,901,743
Cost of sales 548,992 597,358 969,631 1,086,150
Gross Profit 530,736 489,806 919,606 815,593
Advertising and promotion expenses 73,719 90,026 145,160 166,073
Other selling and administrative expenses 373,810 337,005 726,757 701,783
Operating Income (Loss) 83,207 62,775 47,689 (52,263)
Interest expense 29,984 30,642 60,044 61,770
Interest (income) (12,398) (4,321) (29,680) (10,840)
Other non-operating expense (income), net 6,110 (2,147) 11,721 (3,586)
Income (loss) Before Income Taxes 59,511 38,601 5,604 (99,607)
Provision (benefit) from income taxes 9,196 14,424 (11,594) (12,575)
(Income) from equity method investments (6,545) (3,010) (11,381) (7,747)
Net Income (Loss) $ 56,860 $ 27,187 $ 28,579 $ (79,285)
Net Income (Loss) Per Common Share - Basic (USD per share) $ 0.17 $ 0.08 $ 0.08 $ (0.22)
Weighted-average number of common shares (in shares) 342,200 354,577 344,555 354,748
Net Income (Loss) Per Common Share - Diluted (USD per share) $ 0.17 $ 0.08 $ 0.08 $ (0.22)
Weighted-average number of common and potential common shares (in shares) 344,409 357,214 347,359 354,748