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Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 16, 2016 | Jul. 18, 2015 | Jul. 16, 2016 | Jul. 18, 2015
Income Statement [Abstract] |  |  |  |
Sales | $ 935,025 | $ 888,795 | $ 2,139,377 | $ 2,034,840
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) | 477,955 | 457,253 | 1,099,145 | 1,043,169
Selling, distribution and administrative expenses | 338,396 | 318,758 | 782,935 | 742,532
Impairment of assets |  | 2,275 |  | 2,275
Pension plan settlement loss | 4,641 |  | 4,641 |
Depreciation and amortization | 32,598 | 30,468 | 76,065 | 70,285
Income from operations | 81,435 | 80,041 | 176,591 | 176,579
Interest expense | 7,649 | 5,998 | 16,717 | 14,357
Interest income | (4,639) | (5,138) | (10,929) | (11,915)
Income before income taxes | 78,425 | 79,181 | 170,803 | 174,137
Income tax expense | 27,270 | 27,421 | 60,285 | 60,988
Net income | $ 51,155 | $ 51,760 | $ 110,518 | $ 113,149
Basic: |  |  |  |
Net income per common share | $ 0.25 | $ 0.25 | $ 0.53 | $ 0.54
Weighted average shares outstanding | 207,211 | 210,334 | 209,183 | 210,093
Diluted: |  |  |  |
Net income per common share | $ 0.24 | $ 0.24 | $ 0.52 | $ 0.53
Weighted average shares outstanding | 209,014 | 212,872 | 211,230 | 212,798
Cash dividends paid per common share | $ 0.1600 | $ 0.1450 | $ 0.3050 | $ 0.2775

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- Definition Amount of net gain (loss) recognized in net periodic benefit cost as a result of an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include, but are not limited to, lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contracts to cover vested benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 30 -Section 15 -Paragraph 6 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=7577095&loc=d3e8001-114927 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(7) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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