v3.22.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Net sales $ 272,867 $ 307,976
Cost of sales 51,383 57,651
Gross profit 221,484 250,325
Operating expenses:    
Associate incentives 119,620 134,495
Selling, general and administrative 68,797 71,633
Total operating expenses 188,417 206,128
Earnings from operations 33,067 44,197
Other income (expense):    
Interest income 739 760
Interest expense (32) (5)
Other, net (487) (616)
Other income (expense), net 220 139
Earnings before income taxes 33,287 44,336
Income taxes 10,818 13,715
Net earnings $ 22,469 $ 30,621
Earnings per common share    
Basic (in dollars per share) $ 1.16 $ 1.47
Diluted (in dollars per share) $ 1.15 $ 1.45
Weighted average common shares outstanding    
Basic (in shares) 19,351 20,892
Diluted (in shares) 19,481 21,096
Comprehensive income:    
Net earnings $ 22,469 $ 30,621
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustment (691) (2,531)
Tax benefit (expense) related to foreign currency translation adjustment (546) 1,616
Other comprehensive income (loss), net of tax (1,237) (915)
Comprehensive income $ 21,232 $ 29,706

Source