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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 1,984,144 $ 1,881,625 $ 6,160,146 $ 5,777,775
Cost of merchandise sold 1,289,904 1,228,493 4,030,177 3,791,580
Gross profit 694,240 653,132 2,129,969 1,986,195
Selling, general and administrative expenses 482,604 454,998 1,432,603 1,333,457
Depreciation and amortization 49,819 44,986 144,584 131,383
Operating income 161,817 153,148 552,782 521,355
Interest expense, net 4,900 4,460 15,006 13,906
Income before income taxes 156,917 148,688 537,776 507,449
Income tax expense 34,784 31,904 119,601 111,943
Net income $ 122,133 $ 116,784 $ 418,175 $ 395,506
Net income per share – basic $ 1.03 $ 0.96 $ 3.48 $ 3.22
Net income per share – diluted $ 1.02 $ 0.95 $ 3.45 $ 3.20
Weighted average shares outstanding:        
Basic 118,956 121,876 120,180 122,818
Diluted 120,058 122,761 121,239 123,570
Dividends declared per common share outstanding $ 0.35 $ 0.31 $ 1.01 $ 0.89