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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 747,288 $ 809,981 $ 2,241,895 $ 2,423,852
Cost of products sold 621,619 670,735 1,866,101 2,015,264
Gross profit 125,669 139,246 375,794 408,588
Operating expenses (income):        
Selling, general, and administrative 92,210 91,354 272,913 271,278
Depreciation and amortization 9,530 8,089 29,083 23,758
Amortization of deferred gains on real estate (984) (984) (2,952) (2,952)
Other operating expenses, net 888 1,131 1,210 5,240
Total operating expenses 101,644 99,590 300,254 297,324
Operating income 24,025 39,656 75,540 111,264
Non-operating expenses:        
Interest expense, net 4,619 5,577 14,044 19,575
Settlement of defined benefit pension plan (2,226) 0 (2,226) 0
Other expense, net 0 594 0 1,782
Income before provision for income taxes 21,632 33,485 63,722 89,907
Provision for income taxes 5,616 9,103 15,878 23,247
Net income $ 16,016 $ 24,382 $ 47,844 $ 66,660
Basic earnings per share (in dollars per share) $ 1.88 $ 2.72 $ 5.54 $ 7.39
Diluted earnings per share (in dollars per share) $ 1.87 $ 2.71 $ 5.53 $ 7.38
Comprehensive income:        
Net income $ 16,016 $ 24,382 $ 47,844 $ 66,660
Other comprehensive income:        
Amortization of unrecognized pension gain, net of tax 0 225 0 689
Other 0 0 0 (22)
Total other comprehensive income 0 225 0 667
Comprehensive income $ 16,016 $ 24,607 $ 47,844 $ 67,327