v3.19.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 143,842 $ 136,168 $ 290,693 $ 233,486
Cost of sales 87,615 85,764 177,958 145,465
Gross profit 56,227 50,404 112,735 88,021
Selling, engineering and administrative expenses 25,309 25,325 51,465 43,640
Amortization of intangible assets 4,545 8,076 9,066 10,124
Operating income 26,373 17,003 52,204 34,257
Interest expense, net 4,048 4,151 8,433 4,634
Foreign currency transaction loss, net 501 3,301 62 3,812
Miscellaneous (income) expense, net (157) 80 (50) 44
Change in fair value of contingent consideration 56 251 775 653
Income before income taxes 21,925 9,220 42,984 25,114
Income tax provision 4,660 2,424 9,315 6,407
Net income $ 17,265 $ 6,796 $ 33,669 $ 18,707
Basic and diluted net income per common share $ 0.54 $ 0.22 $ 1.05 $ 0.61
Basic and diluted weighted average shares outstanding 32,012 31,597 31,995 30,718
Dividends declared per share $ 0.09 $ 0.09 $ 0.18 $ 0.18

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