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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 24, 2017
Jun. 30, 2018
Jun. 24, 2017
Net Sales $ 306,239 $ 295,415 $ 837,550 $ 767,498
Cost of goods sold [1] 211,764 200,651 592,518 534,022
Gross Profit 94,475 94,764 245,032 233,476
Operating expenses        
Marketing [2] 25,589 25,571 69,672 67,435
Distribution [3] 24,325 21,865 67,901 58,537
Administrative [4] 9,654 9,588 28,014 26,404
Other general expense (income) 38 (60) (193) (138)
Total operating expenses 59,606 56,964 165,394 152,238
Operating Income 34,869 37,800 79,638 81,238
Other income (expense)        
Investment income 1,705 1,422 4,687 3,824
Interest expense & other (209) (80) 267 (651)
Earnings before income taxes 36,365 39,142 84,592 84,411
Income taxes 10,236 13,838 4,381 29,580
NET EARNINGS $ 26,129 $ 25,304 $ 80,211 $ 54,831
Earnings per diluted share (in dollars per share) $ 1.39 $ 1.34 $ 4.27 $ 2.91
Weighted average number of diluted shares (in shares) 18,822 18,846 18,801 18,818
Earnings per basic share (in dollars per share) $ 1.40 $ 1.35 $ 4.29 $ 2.93
Weighted average number of basic shares (in shares) 18,698 18,727 18,683 18,708
[1] Includes share-based compensation expense of $225 and $642 for the three months and nine months ended June 30, 2018, respectively and $192 and $529 for the three months and nine months ended June 24, 2017.
[2] Includes share-based compensation expense of $349 and $998 for the three months and nine months ended June 30, 2018, respectively and $277 and $763 for the three months and nine months ended June 24, 2017.
[3] Includes share-based compensation expense of $20 and $56 for the three months and nine months ended June 30, 2018,, respectively and $19 and $52 for the three months and nine months ended June 24, 2017.
[4] Includes share-based compensation expense of $412 and $1,178 for the three months and nine months ended June 30, 2018, respectively and $323 and $896 for the three months and nine months ended June 24, 2017.