Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 508,045 $ 342,839 $ 196,934
Cost of sales 315,362 206,314 125,585
Gross profit 192,683 136,525 71,349
Selling, engineering and administrative expenses 93,867 65,580 35,345
Restructuring charges   1,031 0
Amortization of intangible assets 23,262 8,423 1,545
Operating income 75,554 61,491 34,459
Interest expense (income), net 13,876 3,781 (790)
Foreign currency transaction loss (gain), net 3,558 (52) (395)
Miscellaneous expense, net 243 742 743
Change in fair value of contingent consideration 1,482 9,476 0
Income before income taxes 56,395 47,544 34,901
Income tax provision 9,665 15,986 11,597
Net income $ 46,730 $ 31,558 $ 23,304
Basic and diluted net income per common share $ 1.49 $ 1.17 $ 0.87
Basic and diluted weighted average shares outstanding 31,309 27,031 26,892
Dividends declared per share $ 0.36 $ 0.38 $ 0.40