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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 25, 2017
Mar. 31, 2018
Mar. 25, 2017
Net Sales $ 266,101 $ 246,513 $ 531,311 $ 472,083
Cost of goods sold [1] 188,823 173,696 380,754 333,371
Gross Profit 77,278 72,817 150,557 138,712
Operating expenses        
Marketing [2] 22,507 21,529 44,083 41,864
Distribution [3] 22,417 18,508 43,576 36,672
Administrative [4] 9,004 8,718 18,360 16,816
Other general income (191) (49) (231) (78)
Total Operating Expenses 53,737 48,706 105,788 95,274
Operating Income 23,541 24,111 44,769 43,438
Other income (expense)        
Investment income 1,493 1,175 2,982 2,402
Interest expense & other (33) (545) 476 (571)
Earnings before income taxes 25,001 24,741 48,227 45,269
Income taxes 7,168 8,754 (5,855) 15,742
NET EARNINGS $ 17,833 $ 15,987 $ 54,082 $ 29,527
Earnings per diluted share (in dollars per share) $ 0.95 $ 0.85 $ 2.88 $ 1.57
Weighted average number of diluted shares (in shares) 18,803 18,821 18,790 18,804
Earnings per basic share (in dollars per share) $ 0.95 $ 0.85 $ 2.90 $ 1.58
Weighted average number of basic shares (in shares) 18,685 18,711 18,675 18,698
[1] Includes share-based compensation expense of $199 and $417 for the three months and six months ended March 31, 2018, respectively and $155 and $337 for the three months and six months ended March 25, 2017.
[2] Includes share-based compensation expense of $309 and $648 for the three months and six months ended March 31,2018, respectively and $224 and $486 for the three months and six months ended March 25, 2017.
[3] Includes share-based compensation expense of $17 and $37 for the three months and six months ended March 31, 2018, respectively and $15 and $33 for the three months and six months ended March 25, 2017.
[4] Includes share-based compensation expense of $389 and $766 for the three months and six months ended March 31, 2018, respectively and $288 and $573 for the three months and six months ended March 25, 2017.