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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Unaudited)        
NET SALES $ 1,901,959 $ 2,043,918 $ 3,540,925 $ 3,866,394
COST OF GOODS SOLD 1,539,216 1,643,851 2,852,104 3,107,998
GROSS PROFIT 362,743 400,067 688,821 758,396
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 203,155 204,703 395,214 399,386
OTHER LOSSES (GAINS), NET 554 1,867 750 3,805
EARNINGS FROM OPERATIONS 159,034 193,497 292,857 355,205
INTEREST EXPENSE 3,167 3,275 6,303 6,393
INTEREST AND INVESTMENT INCOME (13,215) (7,717) (29,708) (14,264)
EQUITY IN LOSS OF INVESTEE 642 417 1,236 1,005
INTEREST AND OTHER (9,406) (4,025) (22,169) (6,866)
EARNINGS BEFORE INCOME TAXES 168,440 197,522 315,026 362,071
INCOME TAXES 42,208 46,734 67,695 85,705
NET EARNINGS 126,232 150,788 247,331 276,366
NET (EARNINGS) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (302) (27) (610) 464
NET EARNINGS ATTRIBUTABLE TO CONTROLLING INTEREST $ 125,930 $ 150,761 $ 246,721 $ 276,830
EARNINGS PER SHARE - BASIC (USD per share) $ 2.05 $ 2.40 $ 4.01 $ 4.41
EARNINGS PER SHARE - DILUTED (USD per share) $ 2.05 $ 2.36 $ 4.00 $ 4.35
OTHER COMPREHENSIVE INCOME:        
NET EARNINGS $ 126,232 $ 150,788 $ 247,331 $ 276,366
OTHER COMPREHENSIVE INCOME (LOSS) (7,980) 4,478 (9,110) 10,730
COMPREHENSIVE INCOME 118,252 155,266 238,221 287,096
COMPREHENSIVE (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 2,020 (1,721) 1,429 (3,481)
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST $ 120,272 $ 153,545 $ 239,650 $ 283,615