v3.23.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Income Statement [Abstract]        
Net sales $ 380,019 $ 394,114 $ 729,726 $ 757,127
Cost of sales (exclusive of depreciation and amortization shown separately below) 216,499 220,146 421,008 433,419
Selling, warehouse, general and administrative expenses 111,452 118,229 222,517 232,767
Depreciation 13,800 14,172 30,505 27,426
Amortization 15,578 15,566 31,150 31,087
Other expense (income), net 1,893 (1,772) 2,660 (4,194)
Income from operations 20,797 27,773 21,886 36,622
Interest expense, net 18,075 12,533 36,152 24,161
Income (loss) before income taxes 2,722 15,240 (14,266) 12,461
Income tax (benefit) expense (1,823) 6,424 (9,679) 5,532
Net income (loss) $ 4,545 $ 8,816 $ (4,587) $ 6,929
Basic income (loss) per share (in usd per share) $ 0.02 $ 0.05 $ (0.02) $ 0.04
Weighted average basic shares outstanding 194,644 194,135 194,596 194,071
Diluted income (loss) per share (in usd per share) $ 0.02 $ 0.04 $ (0.02) $ 0.04
Weighted average diluted shares outstanding 195,528 196,686 194,596 195,932
Net income (loss) from above $ 4,545 $ 8,816 $ (4,587) $ 6,929
Other comprehensive income (loss):        
Foreign currency translation adjustments 3,886 (4,646) 4,845 (911)
Hedging activity (760) 3,109 (5,902) 11,522
Total other comprehensive income (loss) 3,126 (1,537) (1,057) 10,611
Comprehensive income (loss) $ 7,671 $ 7,279 $ (5,644) $ 17,540

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