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v2.4.0.8

Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 04, 2014 | Oct. 05, 2013 | Oct. 04, 2014 | Oct. 05, 2013
Sales | $ 849,360 | $ 878,492 | $ 2,886,498 | $ 2,907,455
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) | 442,978 | 467,798 | 1,496,874 | 1,524,710
Selling, distribution and administrative expenses | 306,514 | 327,529 | 1,052,486 | 1,064,914
Impairment of assets |  |  | 4,489 |
Depreciation and amortization | 29,487 | 29,837 | 98,686 | 89,769
Gain on acquisition |  |  |  | (50,071)
Income from operations | 70,381 | 53,328 | 233,963 | 278,133
Interest expense | (6,285) | (7,077) | (21,902) | (22,087)
Interest income | 4,875 | 3,906 | 15,586 | 11,661
Income before income taxes | 68,971 | 50,157 | 227,647 | 267,707
Income tax expense | 24,372 | 16,269 | 79,918 | 75,333
Net income | $ 44,599 | $ 33,888 | $ 147,729 | $ 192,374
Basic: |  |  |  |
Net income per common share | $ 0.21 | $ 0.16 | $ 0.70 | $ 0.93
Weighted average shares outstanding | 210,084 | 208,428 | 209,573 | 207,747
Diluted: |  |  |  |
Net income per common share | $ 0.21 | $ 0.16 | $ 0.69 | $ 0.91
Weighted average shares outstanding | 213,154 | 212,364 | 213,005 | 211,727
Cash dividends paid per common share | $ 0.1200 | $ 0.1125 | $ 0.3525 | $ 0.3317

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