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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Net sales $ 865,080 $ 943,322 $ 2,034,437 $ 2,418,764
Cost of goods sold 483,333 540,808 1,170,778 1,376,336
Adverse purchase commitments (inventory and raw materials), net (1,968) 303 16,166 1,354
Gross profit 383,715 402,211 847,493 1,041,074
Selling, general, and administrative expenses 279,251 296,733 767,237 828,540
Goodwill impairment 0   17,742 0
Intangible asset impairment 0 30,800 26,500 30,800
Operating income 113,527 83,870 56,003 209,105
Interest expense 16,347 9,966 40,523 28,667
Interest income (330) (200) (1,217) (937)
Other (income) expense, net (2,758) 483 2,647 474
Loss on extinguishment of debt 0 0 0 7,823
Income before income taxes 100,268 73,621 14,050 173,078
Income tax provision 19,027 13,369 3,347 34,423
Net income $ 81,241 $ 60,252 $ 10,703 $ 138,655
Basic net income per common share (USD per share) $ 1.86 $ 1.35 $ 0.25 $ 3.08
Diluted net income per common share (USD per share) 1.85 1.34 0.24 3.06
Dividend declared per common share (USD per share) $ 0 $ 0.50 $ 0.60 $ 1.50
International        
Net sales $ 113,795 $ 126,966 $ 242,545 $ 297,768
Goodwill impairment 0 0 17,742 0
Royalty income, net        
Net sales 9,063 9,192 19,989 27,371
Royalty income, net | International        
Net sales $ 1,175 $ 910 $ 2,765 $ 2,632