v3.21.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Net sales $ 336,837 $ 258,991 $ 644,813 $ 525,610
Cost of sales 57,014 47,674 114,665 93,733
Gross profit 279,823 211,317 530,148 431,877
Operating expenses:        
Associate incentives 153,863 110,852 288,358 226,921
Selling, general and administrative 72,240 60,879 143,873 126,358
Total operating expenses 226,103 171,731 432,231 353,279
Earnings from operations 53,720 39,586 97,917 78,598
Other income (expense):        
Interest income 679 435 1,439 1,419
Interest expense (16) (217) (21) (238)
Other, net (73) 175 (689) (637)
Other income (expense), net 590 393 729 544
Earnings before income taxes 54,310 39,979 98,646 79,142
Income taxes 16,076 12,002 29,791 24,613
Net earnings $ 38,234 $ 27,977 $ 68,855 $ 54,529
Earnings per common share        
Basic (in dollars per share) $ 1.89 $ 1.33 $ 3.35 $ 2.56
Diluted (in dollars per share) $ 1.87 $ 1.32 $ 3.31 $ 2.56
Weighted average common shares outstanding        
Basic (in shares) 20,247 21,034 20,570 21,265
Diluted (in shares) 20,446 21,129 20,771 21,340
Comprehensive income:        
Net earnings $ 38,234 $ 27,977 $ 68,855 $ 54,529
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment 2,859 1,861 328 (4,376)
Tax benefit (expense) related to foreign currency translation adjustment 725 (1,892) 2,341 (853)
Other comprehensive income (loss), net of tax 3,584 (31) 2,669 (5,229)
Comprehensive income $ 41,818 $ 27,946 $ 71,524 $ 49,300

Source