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Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
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Apr. 01, 2017 | Apr. 02, 2016
Income Statement [Abstract] |  |
Net sales | $ 81,353 | $ 51,028
Cost of sales | 48,559 | 31,487
Gross profit | 32,794 | 19,541
Selling, engineering and administrative expenses | 14,700 | 7,468
Amortization of intangible assets | 2,310 | 187
Operating income | 15,784 | 11,886
Interest expense (income), net | 625 | (372)
Foreign currency transaction gain, net | (46) | (114)
Miscellaneous expense, net | 66 | 176
Income before income taxes | 15,139 | 12,196
Income tax provision | 4,928 | 3,988
Net income | $ 10,211 | $ 8,208
Basic and diluted net income per common share | $ 0.38 | $ 0.31
Basic and diluted weighted average shares outstanding | 26,946 | 26,804
Dividends declared per share | $ 0.11 | $ 0.13

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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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