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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