v3.21.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Net sales $ 274,352 $ 298,513 $ 919,165 $ 824,123
Cost of sales 50,715 56,358 165,380 150,091
Gross profit 223,637 242,155 753,785 674,032
Operating expenses:        
Associate incentives 116,222 131,144 404,580 358,065
Selling, general and administrative 66,645 65,656 210,518 192,014
Total operating expenses 182,867 196,800 615,098 550,079
Earnings from operations 40,770 45,355 138,687 123,953
Other income (expense):        
Interest income 487 460 1,926 1,879
Interest expense (18) (1,377) (39) (1,615)
Other, net (889) (163) (1,578) (800)
Other income (expense), net (420) (1,080) 309 (536)
Earnings before income taxes 40,350 44,275 138,996 123,417
Income taxes 13,020 13,769 42,811 38,382
Net earnings $ 27,330 $ 30,506 $ 96,185 $ 85,035
Earnings per common share        
Basic (in dollars per share) $ 1.37 $ 1.45 $ 4.72 $ 4.01
Diluted (in dollars per share) $ 1.36 $ 1.44 $ 4.68 $ 4.00
Weighted average common shares outstanding        
Basic (in shares) 19,961 21,043 20,367 21,191
Diluted (in shares) 20,156 21,170 20,566 21,283
Comprehensive income:        
Net earnings $ 27,330 $ 30,506 $ 96,185 $ 85,035
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment (776) 6,381 (448) 2,005
Tax benefit (expense) related to foreign currency translation adjustment 259 (331) 2,600 (1,184)
Other comprehensive income (loss), net of tax (517) 6,050 2,152 821
Comprehensive income $ 26,813 $ 36,556 $ 98,337 $ 85,856

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