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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018
Net sales | $ 734,384 | $ 696,197 | $ 1,475,442 | $ 1,451,983
Cost of goods sold | 411,388 | 386,239 | 836,579 | 809,548
Gross profit | 322,996 | 309,958 | 638,863 | 642,435
Selling, general, and administrative expenses | 268,155 | 263,343 | 531,807 | 543,505
Operating income | 64,476 | 56,970 | 125,235 | 117,279
Interest expense | 9,072 | 7,937 | 18,701 | 15,922
Interest income | (509) | (225) | (737) | (391)
Other expense (income), net | 202 | 975 | (9) | 593
Loss on extinguishment of debt | 0 | 0 | 7,823 | 0
Income before income taxes | 55,711 | 48,283 | 99,457 | 101,155
Provision for income taxes | 11,774 | 11,015 | 21,054 | 21,418
Net income | $ 43,937 | $ 37,268 | $ 78,403 | $ 79,737
Basic net income per common share (USD per share) | $ 0.97 | $ 0.80 | $ 1.73 | $ 1.70
Diluted net income per common share (USD per share) | 0.97 | 0.79 | 1.72 | 1.68
Dividend declared per common share (USD per share) | $ 0.50 | $ 0.45 | $ 1.00 | $ 0.90
Royalty [Member] |  |  |  |
Net sales | $ 9,635 | $ 10,355 | $ 18,179 | $ 18,349
Royalty income, net | $ 9,635 | $ 10,355 | $ 18,179 | $ 18,349

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