Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income

v3.24.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ 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 $ 200,221 $ 213,365 $ 640,890 $ 699,927
Cost of sales 39,257 42,529 122,659 134,374
Gross profit 160,964 170,836 518,231 565,553
Operating expenses:        
Associate incentives 84,068 89,926 270,197 298,376
Selling, general and administrative 61,295 63,303 189,920 198,325
Total operating expenses 145,363 153,229 460,117 496,701
Earnings from operations 15,601 17,607 58,114 68,852
Other income (expense):        
Interest income 3,142 2,733 8,581 6,732
Interest expense (49) (43) (152) (117)
Other, net (86) 234 (621) 375
Other income (expense), net 3,007 2,924 7,808 6,990
Earnings before income taxes 18,608 20,531 65,922 75,842
Income taxes 8,001 9,184 28,346 28,820
Net earnings $ 10,607 $ 11,347 $ 37,576 $ 47,022
Earnings per common share        
Basic (in dollars per share) $ 0.56 $ 0.59 $ 1.97 $ 2.44
Diluted (in dollars per share) $ 0.56 $ 0.59 $ 1.96 $ 2.43
Weighted average common shares outstanding        
Basic (in shares) 19,078 19,245 19,108 19,283
Diluted (in shares) 19,083 19,372 19,181 19,376
Comprehensive income:        
Net earnings $ 10,607 $ 11,347 $ 37,576 $ 47,022
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment 7,654 (1,933) 706 (8,236)
Tax benefit (expense) related to foreign currency translation adjustment (845) 185 (710) 799
Other comprehensive income (loss), net of tax 6,809 (1,748) (4) (7,437)
Comprehensive income $ 17,416 $ 9,599 $ 37,572 $ 39,585