Condensed Consolidated Statements of Comprehensive Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 25, 2022 |
Jun. 26, 2021 |
Jun. 25, 2022 |
Jun. 26, 2021 |
|
| Income Statement [Abstract] | ||||
| Revenue | $ 655,022 | $ 641,314 | $ 1,112,310 | $ 1,223,023 |
| Less excise taxes | 38,779 | 38,509 | 65,954 | 75,138 |
| Net revenue | 616,243 | 602,805 | 1,046,356 | 1,147,885 |
| Cost of goods sold | 350,468 | 327,116 | 607,629 | 622,566 |
| Gross profit | 265,775 | 275,689 | 438,727 | 525,319 |
| Operating expenses: | ||||
| Advertising, promotional and selling expenses | 154,883 | 161,620 | 285,498 | 302,479 |
| General and administrative expenses | 38,849 | 32,960 | 78,547 | 64,906 |
| Contract termination costs and other | 578 | 0 | 5,330 | 0 |
| Impairment of assets | 80 | 1,004 | 121 | 1,231 |
| Total operating expenses | 194,390 | 195,584 | 369,496 | 368,616 |
| Operating income | 71,385 | 80,105 | 69,231 | 156,703 |
| Other expense: | ||||
| Interest income (expense) | 83 | (29) | 50 | (58) |
| Other (expense) income | (601) | 8 | (701) | 2 |
| Total other expense | (518) | (21) | (651) | (56) |
| Income before income tax provision | 70,867 | 80,084 | 68,580 | 156,647 |
| Income tax provision | 17,518 | 20,889 | 17,186 | 31,887 |
| Net income | $ 53,349 | $ 59,195 | $ 51,394 | $ 124,760 |
| Net income per common share - basic | $ 4.33 | $ 4.82 | $ 4.18 | $ 10.16 |
| Net income per common share - diluted | $ 4.31 | $ 4.75 | $ 4.15 | $ 10.01 |
| Weighted-average number of common shares - basic | 12,319 | 12,283 | 12,309 | 12,277 |
| Weighted-average number of common shares - diluted | 12,341 | 12,465 | 12,341 | 12,461 |
| Net income | $ 53,349 | $ 59,195 | $ 51,394 | $ 124,760 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustment | (71) | 15 | (21) | 35 |
| Total other comprehensive (loss) income, net of tax | (71) | 15 | (21) | 35 |
| Comprehensive income | $ 53,278 | $ 59,210 | $ 51,373 | $ 124,795 |