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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Income Statement [Abstract]      
Net sales $ 3,486,440 $ 3,024,334 $ 3,519,286
Cost of goods sold 1,832,045 1,696,224 2,008,630
Adverse purchase commitments (inventory and raw materials), net (7,879) 14,668 2,106
Gross profit 1,662,274 1,313,442 1,508,550
Royalty income, net 28,681 26,276 34,637
Selling, general, and administrative expenses 1,193,876 1,105,607 1,140,515
Goodwill impairment 0 17,742 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0 26,500 30,800
Operating income 497,079 189,869 371,872
Interest expense 60,294 56,062 37,617
Interest income (1,096) (1,515) (1,303)
Loss on extinguishment of debt 0 0 7,823
Income before income taxes 438,290 134,984 327,952
Income tax provision 98,542 25,267 64,150
Net income $ 339,748 $ 109,717 $ 263,802
Basic net income per common share (in USD per share) $ 7.83 $ 2.51 $ 5.89
Diluted net income per common share (in USD per share) 7.81 2.50 5.85
Dividend declared and paid per common share $ 1.40 $ 0.60 $ 2.00
Other (income) expense, net $ (409) $ 338 $ (217)