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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 3,176,327 $ 2,353,782 $ 5,135,515 $ 4,176,002
Cost of merchandise sold 2,019,514 1,533,037 3,317,453 2,740,273
Gross profit 1,156,813 820,745 1,818,062 1,435,729
Depreciation and amortization 52,547 48,998 103,983 94,765
Selling, general and administrative expenses 656,520 484,190 1,153,795 949,999
Operating income 447,746 287,557 560,284 390,965
Interest expense, net 8,438 5,176 13,487 10,106
Income before income taxes 439,308 282,381 546,797 380,859
Income tax expense 100,630 63,171 124,342 84,817
Net income $ 338,678 $ 219,210 $ 422,455 $ 296,042
Net income per share – basic $ 2.92 $ 1.82 $ 3.63 $ 2.45
Net income per share – diluted $ 2.90 $ 1.80 $ 3.61 $ 2.43
Weighted average shares outstanding:        
Basic 115,912 120,371 116,325 120,791
Diluted 116,812 121,508 117,122 121,830
Dividends declared per common share outstanding $ 0.35 $ 0.35 $ 0.70 $ 0.66