XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Jul. 01, 2017
Jun. 25, 2016
Income Statement [Abstract]        
Net sales $ 3,059,458 $ 2,872,630 $ 5,982,406 $ 5,585,586
Cost of sales 2,220,285 2,071,161 4,320,313 4,006,275
Gross profit 839,173 801,469 1,662,093 1,579,311
Operating expenses:        
Selling, general and administrative 628,511 600,409 1,257,463 1,197,999
Restructuring costs 0 20,383 0 24,441
Operating income 210,662 180,677 404,630 356,871
Other income (expense):        
Interest income 4,107 3,556 8,411 6,904
Interest expense (12,198) (7,367) (23,628) (14,494)
Other, net 728 268 683 3,405
Income before taxes and equity in earnings of affiliates 203,299 177,134 390,096 352,686
Income taxes (58,306) (48,965) (96,936) (102,498)
Equity in earnings of affiliates 4,589 4,929 6,675 7,443
Net income 149,582 133,098 299,835 257,631
Less: Net income attributable to noncontrolling interests (13,527) (13,001) (23,032) (23,782)
Net income attributable to Henry Schein, Inc. $ 136,055 $ 120,097 $ 276,803 $ 233,849
Earnings per share attributable to Henry Schein, Inc.:        
Basic (in dollars per share) $ 1.72 $ 1.47 $ 3.51 $ 2.87
Diluted (in dollars per share) $ 1.71 $ 1.46 $ 3.48 $ 2.83
Weighted-average common shares outstanding:        
Basic (in shares) 78,874 81,458 78,839 81,516
Diluted (in shares) 79,538 82,394 79,630 82,565