Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Jun. 25, 2016
Jun. 27, 2015
Revenue $ 261,225 $ 268,721 $ 463,233 $ 481,555
Less excise taxes 16,409 16,517 29,590 29,848
Net revenue 244,816 252,204 433,643 451,707
Cost of goods sold 117,940 115,979 215,236 215,866
Gross profit 126,876 136,225 218,407 235,841
Advertising, promotional and selling expenses 63,252 71,370 122,501 131,618
General and administrative expenses 21,836 18,036 42,881 35,265
Total operating expenses 85,088 89,406 165,382 166,883
Operating income 41,788 46,819 53,025 68,958
Interest income (expense), net 20 11 43 7
Other income (expense), net (206) 54 (425) (271)
Total other income (expense), net (186) 65 (382) (264)
Income before income tax provision 41,602 46,884 52,643 68,694
Provision for income taxes 14,981 16,952 18,990 25,019
Net income $ 26,621 $ 29,932 $ 33,653 $ 43,675
Net income per common share - basic $ 2.11 $ 2.24 $ 2.65 $ 3.28
Net income per common share - diluted $ 2.06 $ 2.18 $ 2.58 $ 3.18
Weighted-average number of common shares - diluted 12,830 13,667 12,959 13,650
Net income $ 26,621 $ 29,932 $ 33,653 $ 43,675
Other comprehensive income, net of tax:        
Foreign currency translation adjustment (88) (5) (92) 1
Comprehensive income $ 26,533 $ 29,927 $ 33,561 $ 43,676
Common Class A        
Net income per common share - basic $ 2.11 $ 2.24 $ 2.65 $ 3.28
Net income per common share - diluted $ 2.06 $ 2.18 $ 2.58 $ 3.18
Weighted-average number of common shares - basic 9,181 9,748 9,278 9,673
Weighted-average number of common shares - diluted 12,830 13,667 12,959 13,650
Common Class B        
Net income per common share - basic $ 2.11 $ 2.24 $ 2.65 $ 3.28
Weighted-average number of common shares - basic [1] 3,367 3,532 3,367 3,575
[1] Change in Class B Common Stock resulted from the conversion of 150,000 shares to Class A Common Stock on May 6, 2015 and 100,000 shares to Class A Common Stock on October 26, 2015, with the thirteen and twenty-six week number of shares reflecting the weighted average for the periods.