v3.23.1
Consolidated Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2023
Apr. 04, 2022
Income Statement [Abstract]    
Net sales $ 544,437 $ 581,260
Cost of goods sold 458,314 490,337
Gross profit 86,123 90,923
Operating expenses:    
Selling and marketing 21,302 18,272
General and administrative 35,073 32,770
Research and development 7,085 5,555
Amortization of definite-lived intangibles 21,964 8,274
Restructuring charges 4,167 184
Total operating expenses 89,591 65,055
Operating (loss) income (3,468) 25,868
Other (expense) income:    
Interest expense (12,807) (11,361)
Gain on sale of subsidiary 1,339 0
Other, net 1,198 1,970
Total other expense, net (10,270) (9,391)
(Loss) income before income taxes (13,738) 16,477
Income tax benefit 7,924 769
Net (loss) income $ (5,814) $ 17,246
(Loss) earnings per share:    
Basic (loss) earnings per share $ (0.06) $ 0.17
Diluted (loss) earnings per share $ (0.06) $ 0.17

Source