XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Income Statement [Abstract]    
Net sales $ 1,564,078 $ 1,467,797
Cost of merchandise sold 1,045,875 973,353
Gross profit 518,203 494,444
Selling, general and administrative expenses 382,114 352,672
Depreciation and amortization 39,727 33,577
Operating income 96,362 108,195
Interest expense, net 2,777 1,125
Income before income taxes 93,585 107,070
Income tax expense 33,274 39,402
Net income $ 60,311 $ 67,668
Net income per share – basic $ 0.46 $ 0.51
Net income per share – diluted $ 0.46 $ 0.50
Weighted average shares outstanding:    
Basic 130,276 133,630
Diluted 131,090 134,709
Dividends declared per common share outstanding $ 0.24 $ 0.20