XML 34 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Jun. 27, 2015
Jun. 28, 2014
Income Statement [Abstract]        
Net sales $ 1,772,900 $ 1,583,831 $ 3,104,252 $ 2,767,511
Cost of merchandise sold 1,147,580 1,033,299 2,034,327 1,820,760
Gross profit 625,320 550,532 1,069,925 946,751
Selling, general and administrative expenses 349,842 311,589 671,318 601,859
Depreciation and amortization 30,313 27,914 60,595 55,134
Operating income 245,165 211,029 338,012 289,758
Interest expense, net 832 308 1,698 762
Income before income taxes 244,333 210,721 336,314 288,996
Income tax expense 91,002 77,310 124,943 106,776
Net income $ 153,331 $ 133,411 $ 211,371 $ 182,220
Net income per share, basic (in dollars per share) $ 1.13 $ 0.96 $ 1.55 $ 1.31
Net income per share, diluted (in dollars per share) $ 1.12 $ 0.95 $ 1.54 $ 1.30
Weighted average shares outstanding:        
Basic (in shares) 136,120 138,394 136,233 138,756
Diluted (in shares) 137,400 140,110 137,567 140,571
Dividends declared per common share outstanding (in dollars per share) $ 0.20 $ 0.16 $ 0.36 $ 0.29