v3.22.2.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]        
Net sales $ 233,300 $ 274,352 $ 770,641 $ 919,165
Cost of sales 46,560 50,715 147,460 165,380
Gross profit 186,740 223,637 623,181 753,785
Operating expenses:        
Associate incentives 98,090 116,222 336,914 404,580
Selling, general and administrative 66,020 66,645 201,204 210,518
Total operating expenses 164,110 182,867 538,118 615,098
Earnings from operations 22,630 40,770 85,063 138,687
Other income (expense):        
Interest income 918 487 2,330 1,926
Interest expense (32) (18) (160) (39)
Other, net (292) (889) (1,414) (1,578)
Other income (expense), net 594 (420) 756 309
Earnings before income taxes 23,224 40,350 85,819 138,996
Income taxes 8,295 13,020 29,264 42,811
Net earnings $ 14,929 $ 27,330 $ 56,555 $ 96,185
Earnings per common share        
Earnings per share, basic (in dollars per share) $ 0.78 $ 1.37 $ 2.94 $ 4.72
Earnings per share, diluted (in dollars per share) $ 0.78 $ 1.36 $ 2.93 $ 4.68
Weighted average common shares outstanding        
Basic (in shares) 19,221 19,961 19,263 20,367
Diluted (in shares) 19,252 20,156 19,325 20,566
Comprehensive income:        
Net earnings $ 14,929 $ 27,330 $ 56,555 $ 96,185
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment (11,677) (776) (24,040) (448)
Tax benefit (expense) related to foreign currency translation adjustment 1,134 259 3,583 2,600
Other comprehensive income (loss), net of tax (10,543) (517) (20,457) 2,152
Comprehensive income $ 4,386 $ 26,813 $ 36,098 $ 98,337

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