XML 46 R30.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Quarterly Results of Operations (Unaudited) | 12 Months Ended
--- | ---
Jan. 02, 2016
Quarterly Results of Operations (Unaudited) | Note W — Quarterly Results of Operations (Unaudited)
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Full Year |
|  | In thousands, except per share amounts |
2015 (a)(b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,837,301 |  |  | $ | 2,513,860 |  |  | $ | 3,612,820 |  |  | $ | 3,412,763 |  |  | $ | 12,376,744 |
Operating income |  |  | 397,835 |  |  |  | 223,027 |  |  |  | 642,928 |  |  |  | 397,206 |  |  |  | 1,660,996 |
Net income |  |  | 288,709 |  |  |  | 170,811 |  |  |  | 459,864 |  |  |  | 312,209 |  |  |  | 1,231,593 |
Earnings per common share: (d) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.68 |  |  | $ | 0.40 |  |  | $ | 1.08 |  |  | $ | 0.73 |  |  | $ | 2.90 |
Diluted |  |  | 0.67 |  |  |  | 0.40 |  |  |  | 1.07 |  |  |  | 0.72 |  |  |  | 2.85 |
Dividends per common share |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 0.37 |  |  | $ | 1.33 |
2014 (a)(c) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 2,780,778 |  |  | $ | 2,402,076 |  |  | $ | 3,520,447 |  |  | $ | 3,578,860 |  |  | $ | 12,282,161 |
Operating income |  |  | 403,190 |  |  |  | 219,808 |  |  |  | 633,082 |  |  |  | 181,644 |  |  |  | 1,437,724 |
Net income |  |  | 297,193 |  |  |  | 157,682 |  |  |  | 470,529 |  |  |  | 122,101 |  |  |  | 1,047,505 |
Earnings per common share: (d) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.68 |  |  | $ | 0.37 |  |  | $ | 1.09 |  |  | $ | 0.28 |  |  | $ | 2.42 |
Diluted |  |  | 0.67 |  |  |  | 0.36 |  |  |  | 1.08 |  |  |  | 0.28 |  |  |  | 2.38 |
Dividends per common share |  | $ | 0.2625 |  |  | $ | 0.2625 |  |  | $ | 0.2625 |  |  | $ | 0.3200 |  |  | $ | 1.1075 |
(a) | The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
(b) | Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income — $143.6 million; net income — $97.1 million; and diluted earnings per share — $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
(c) | Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income — $396.4 million; net income — $306.8 million; basic earnings per share — $0.71; and diluted earnings per share — $0.70. See Notes E, F and S.
(d) | Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration