Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Income Statement [Abstract]      
Net sales $ 342,839 $ 196,934 $ 200,727
Cost of sales 206,314 125,585 123,634
Gross profit 136,525 71,349 77,093
Selling, engineering and administrative expenses 65,580 35,345 29,817
Restructuring charges 1,031 0 0
Amortization of intangible assets 8,423 1,545 385
Operating income 61,491 34,459 46,891
Interest expense (income), net 3,781 (790) (1,422)
Foreign currency transaction gain, net (52) (395) (1,104)
Miscellaneous expense, net 742 743 187
Change in fair value of contingent consideration 9,476 0 0
Income before income taxes 47,544 34,901 49,230
Income tax provision 15,986 11,597 16,092
Net income $ 31,558 $ 23,304 $ 33,138
Basic and diluted net income per common share $ 1.17 $ 0.87 $ 1.24
Basic and diluted weighted average shares outstanding 27,031 26,892 26,687
Dividends declared per share $ 0.38 $ 0.40 $ 0.45