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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net sales $ 2,606,572 $ 1,984,144 $ 7,742,087 $ 6,160,146
Cost of merchandise sold 1,658,615 1,289,904 4,976,068 4,030,177
Gross profit 947,957 694,240 2,766,019 2,129,969
Depreciation and amortization 54,651 49,819 158,634 144,584
Selling, general and administrative expenses 641,129 482,604 1,794,924 1,432,603
Operating income 252,177 161,817 812,461 552,782
Interest expense, net 7,208 4,900 20,695 15,006
Income before income taxes 244,969 156,917 791,766 537,776
Income tax expense 54,359 34,784 178,701 119,601
Net income $ 190,610 $ 122,133 $ 613,065 $ 418,175
Net income per share – basic $ 1.64 $ 1.03 $ 5.27 $ 3.48
Net income per share – diluted $ 1.62 $ 1.02 $ 5.23 $ 3.45
Weighted average shares outstanding:        
Basic 116,339 118,956 116,330 120,180
Diluted 117,745 120,058 117,330 121,239
Dividends declared per common share outstanding $ 0.40 $ 0.35 $ 1.10 $ 1.01