XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Revenue $ 481,089 $ 338,643 $ 833,314 $ 606,202
Less excise taxes 28,951 20,236 50,611 36,144
Net revenue 452,138 318,407 782,703 570,058
Cost of goods sold 242,514 159,405 425,106 286,516
Gross profit 209,624 159,002 357,597 283,542
Operating expenses:        
Advertising, promotional and selling expenses 100,336 94,079 198,227 165,802
General and administrative expenses 29,685 26,748 56,714 50,122
Impairment of assets 834 243 2,355 243
Total operating expenses 130,855 121,070 257,296 216,167
Operating income 78,769 37,932 100,301 67,375
Other (expense) income, net:        
Interest (expense) income, net (212) (27) (149) 610
Other (expense) income, net (52) 197 (412) (55)
Total other (expense) income, net (264) 170 (561) 555
Income before income tax provision 78,505 38,102 99,740 67,930
Income tax provision 18,364 10,246 21,365 16,380
Net income $ 60,141 $ 27,856 $ 78,375 $ 51,550
Net income per common share - basic $ 4.93 $ 2.39 $ 6.44 $ 4.42
Net income per common share - diluted $ 4.88 $ 2.36 $ 6.37 $ 4.38
Weighted-average number of common shares - basic 12,196 11,672 12,177 11,654
Weighted-average number of common shares - diluted 12,258 11,684 12,221 11,660
Net income $ 60,141 $ 27,856 $ 78,375 $ 51,550
Other comprehensive income:        
Foreign currency translation adjustment (13) 5 (71) 42
Comprehensive income $ 60,128 $ 27,861 $ 78,304 $ 51,592
Common Class A        
Other (expense) income, net:        
Net income per common share - basic $ 4.93 $ 2.39 $ 6.44 $ 4.42
Weighted-average number of common shares - basic 9,720 8,648 9,572 8,627
Common Class B        
Other (expense) income, net:        
Net income per common share - basic $ 4.93 $ 2.39 $ 6.44 $ 4.42
Net income per common share - diluted $ 4.88 $ 2.36 $ 6.37 $ 4.38
Weighted-average number of common shares - basic 2,400 2,918 2,523 2,918