XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net sales $ 3,601,559 $ 3,176,327 $ 6,393,895 $ 5,135,515
Cost of merchandise sold 2,314,074 2,019,514 4,122,630 3,317,453
Gross profit 1,287,485 1,156,813 2,271,265 1,818,062
Selling, general and administrative expenses 736,749 656,520 1,429,939 1,153,795
Depreciation and amortization 64,853 52,547 124,907 103,983
Operating income 485,883 447,746 716,419 560,284
Interest expense, net 6,701 8,438 13,922 13,487
Income before income taxes 479,182 439,308 702,497 546,797
Income tax expense 109,160 100,630 151,121 124,342
Net income $ 370,022 $ 338,678 $ 551,376 $ 422,455
Net income per share – basic $ 3.21 $ 2.92 $ 4.77 $ 3.63
Net income per share – diluted $ 3.19 $ 2.90 $ 4.73 $ 3.61
Weighted average shares outstanding:        
Basic 115,133 115,912 115,643 116,325
Diluted 116,091 116,812 116,659 117,122
Dividends declared per common share outstanding $ 0.52 $ 0.35 $ 1.04 $ 0.70