Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income

v3.24.0.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Income Statement [Abstract]      
Net sales $ 921,010 $ 998,601 $ 1,186,464
Cost of sales 176,693 193,890 217,898
Gross profit 744,317 804,711 968,566
Operating expenses:      
Associate incentives 394,257 434,793 519,267
Selling, general and administrative 256,989 262,304 279,107
Total operating expenses 651,246 697,097 798,374
Earnings from operations 93,071 107,614 170,192
Other income (expense):      
Interest income 9,637 3,789 2,515
Interest expense (262) (192) (57)
Other, net 7 (2,590) (2,008)
Other income (expense), net 9,382 1,007 450
Earnings before income taxes 102,453 108,621 170,642
Income taxes 38,665 39,271 54,137
Net earnings $ 63,788 $ 69,350 $ 116,505
Earnings per common share      
Earnings per share, basic (in dollars per share) $ 3.31 $ 3.60 $ 5.78
Earnings per share, diluted (in dollars per share) $ 3.30 $ 3.59 $ 5.73
Weighted average common shares outstanding      
Basic (in shares) 19,250 19,254 20,146
Diluted (in shares) 19,345 19,310 20,343
Comprehensive income:      
Net earnings $ 63,788 $ 69,350 $ 116,505
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment (1,298) (15,126) 2,203
Tax benefit (expense) related to foreign currency translation adjustment 390 1,881 1,880
Other comprehensive income (loss), net of tax (908) (13,245) 4,083
Comprehensive income $ 62,880 $ 56,105 $ 120,588