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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Net sales $ 746,400 $ 514,885 $ 1,533,761 $ 1,169,357
Cost of goods sold 379,793 284,073 781,524 687,445
Adverse purchase commitments (inventory and raw materials), net (2,100) (4,703) (8,430) 18,134
Gross profit 368,707 235,515 760,667 463,778
Selling, general, and administrative expenses 267,770 218,149 539,697 487,986
Goodwill impairment 0 0 0 17,742
Intangible asset impairment 0 0 0 26,500
Operating income (loss) 107,582 20,954 235,078 (57,524)
Interest expense 15,295 15,312 30,643 24,176
Interest income (201) (423) (426) (887)
Other (income) expense, net (723) 587 (1,640) 5,405
Income (loss) before income taxes 93,211 5,478 206,501 (86,218)
Income tax provision (benefit) 21,608 (2,678) 48,702 (15,680)
Net income (loss) $ 71,603 $ 8,156 $ 157,799 $ (70,538)
Basic net income per common share (in USD per share) $ 1.63 $ 0.19 $ 3.59 $ (1.64)
Diluted net income per common share (in USD per share) 1.62 0.19 3.58 (1.64)
Common Stock, Dividends, Per Share, Declared ( in USD per share) $ 0.40 $ 0 $ 0.40 $ 0.60
Royalty [Member]        
Net sales $ 6,645 $ 3,588 $ 14,108 $ 10,926