XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 15, 2017
Jul. 16, 2016
Jul. 15, 2017
Jul. 16, 2016
Income Statement [Abstract]        
Sales $ 926,639 $ 935,025 $ 2,114,288 $ 2,139,377
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) 468,152 477,955 1,076,093 1,099,145
Selling, distribution and administrative expenses 354,193 338,396 815,463 782,935
Gain on divestiture     (28,875)  
Pension plan settlement loss   4,641 0 4,641
Depreciation and amortization 34,128 32,598 81,316 76,065
Income from operations 70,166 81,435 170,291 176,591
Interest expense 8,436 7,649 20,061 16,717
Interest income (5,158) (4,639) (11,735) (10,929)
Income before income taxes 66,888 78,425 161,965 170,803
Income tax expense 22,148 27,270 56,807 60,285
Net income $ 44,740 $ 51,155 $ 105,158 $ 110,518
Basic:        
Net income per common share $ 0.21 $ 0.25 $ 0.50 $ 0.53
Weighted average shares outstanding 209,483 207,211 209,277 209,183
Diluted:        
Net income per common share $ 0.21 $ 0.24 $ 0.50 $ 0.52
Weighted average shares outstanding 210,269 209,014 210,223 211,230
Cash dividends paid per common share $ 0.1700 $ 0.1600 $ 0.3300 $ 0.3050