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v3.20.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 28, 2020 | Mar. 30, 2019
Net sales | $ 654,473 | $ 741,057
Cost of goods sold | 403,373 | 425,138
Inventory, Firm Purchase Commitment, Loss | 22,837 | 52
Gross profit | 228,263 | 315,867
Selling, general, and administrative expenses | 269,837 | 263,652
Goodwill impairment | 17,742 | 0
Intangible asset impairment | 26,500 | 0
Operating (loss) income | (78,478) | 60,759
Interest expense | 8,864 | 9,629
Interest income | (464) | (228)
Other expense (income), net | 4,818 | (211)
Loss on extinguishment of debt | 0 | 7,823
(Loss) income before income taxes | (91,696) | 43,746
Income tax (benefit) provision | (13,002) | 9,280
Net (loss) income | $ (78,694) | $ 34,466
Basic net income per common share (USD per share) | $ (1.82) | $ 0.76
Diluted net income per common share (USD per share) | (1.82) | 0.75
Dividend declared per common share (USD per share) | $ 0.60 | $ 0.50
Royalty [Member] |  |
Net sales | $ 7,338 | $ 8,544

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