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Condensed Consolidated Statements of Operations and Comprehensive Income - (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2021
Apr. 03, 2020
Income Statement [Abstract]    
Sales $ 290,467 $ 328,426
Cost of sales 205,981 231,724
Gross profit 84,486 96,702
Operating expenses:    
Selling, general and administrative 35,502 36,457
Research, development and engineering 13,461 13,241
Other operating expenses 915 2,928
Total operating expenses 49,878 52,626
Operating income 34,608 44,076
Interest expense 8,532 10,361
(Gain) loss on equity investments 1,335 (1,925)
Other income, net (237) (999)
Income before taxes 24,978 36,639
Provision for income taxes 3,458 5,539
Net income $ 21,520 $ 31,100
Earnings per share:    
Basic (in dollars per share) $ 0.65 $ 0.95
Diluted (in dollars per share) $ 0.65 $ 0.94
Weighted average shares outstanding:    
Basic (in shares) 32,957 32,807
Diluted (in shares) 33,188 33,117
Comprehensive Income    
Net income $ 21,520 $ 31,100
Other comprehensive loss:    
Foreign currency translation loss (16,364) (12,032)
Change in fair value of cash flow hedges, net of tax (706) (8,629)
Other comprehensive loss, net of tax (17,070) (20,661)
Comprehensive income, net of tax $ 4,450 $ 10,439