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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Interest income $ (272) $ (201) $ (610) $ (426)
Net sales 700,695 746,400 1,481,980 1,533,761
Cost of goods sold 364,657 379,793 790,851 781,524
Adverse purchase commitments (inventory and raw materials), net 4,799 (2,100) 4,848 (8,430)
Gross profit 331,239 368,707 686,281 760,667
Royalty income, net 5,602 6,645 13,076 14,108
Selling, general, and administrative expenses 261,423 267,770 521,315 539,697
Operating income 75,418 107,582 178,042 235,078
Interest expense 8,652 15,295 23,784 30,643
Other expense (income), net 17 (723) (494) (1,640)
Loss on extinguishment of debt 19,940 0 19,940 0
Income before income taxes 47,081 93,211 135,422 206,501
Income tax provision 10,111 21,608 30,519 48,702
Net income $ 36,970 $ 71,603 $ 104,903 $ 157,799
Basic net income per common share (in USD per share) $ 0.93 $ 1.63 $ 2.60 $ 3.59
Diluted net income per common share (in USD per share) 0.93 1.62 2.59 3.58
Dividend declared and paid per common share (in USD per share) $ 0.75 $ 0.40 $ 1.50 $ 0.40