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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Jul. 28, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table sets forth certain key interim financial information for the fiscal years ended July 28, 2018 and July 29, 2017:

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
 
(In thousands except per share data)
 
2018
 
 
 
 
 
 
 
 
 
 
Net sales
$
2,457,545

 
$
2,528,011

 
$
2,648,879

 
$
2,592,248

 
$
10,226,683

 
Gross profit
367,216

 
371,522

 
408,087

 
375,942

 
1,522,767

 
Income before income taxes
52,394

 
36,485

 
77,834

 
46,032

 
212,745

 
Net income
30,505

 
50,486

 
51,891

 
32,788

 
165,670

 
Per common share income
 
 
 
 
 
 
 
 
 
 
Basic:
$
0.60

 
$
1.00

 
$
1.03

 
$
0.65

 
$
3.28


Diluted:
$
0.60

 
$
0.99

 
$
1.02

 
$
0.64

 
$
3.26

*
Weighted average basic
 
 
 
 
 
 
 
 
 
 
Shares outstanding
50,817

 
50,449

 
50,424

 
50,431

 
50,530

 
Weighted average diluted
 
 
 
 
 
 
 
 
 
 
Shares outstanding
50,957

 
50,741

 
50,751

 
50,901

 
50,837

 
Market Price
 
 
 
 
 
 
 
 
 
 
High
$
44.94

 
$
52.69

 
$
49.81

 
$
47.73

 
$
52.69

 
Low
$
32.52

 
$
38.04

 
$
40.88

 
$
32.03

 
$
32.03

 
* Includes rounding
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full Year
 
 
(In thousands except per share data)
 
2017
 
 
 
 
 
 
 
 
 
 
Net sales
$
2,278,364

 
$
2,285,518

 
$
2,369,556

 
$
2,341,033

 
$
9,274,471

 
Gross profit
349,016

 
344,945

 
366,361

 
368,599

 
1,428,921

 
Income before income taxes
48,533

 
42,028

 
60,325

 
63,537

 
214,423

 
Net income
29,217

 
25,482

 
36,587

 
38,869

 
130,155

 
Per common share income
 
 
 
 
 
 
 
 
 
 
Basic:
$
0.58

 
$
0.50

 
$
0.72

 
$
0.77

 
$
2.57


Diluted:
$
0.58

 
$
0.50

 
$
0.72

 
$
0.76

 
$
2.56


Weighted average basic
 
 
 
 
 
 
 
 
 
 
Shares outstanding
50,475

 
50,587

 
50,601

 
50,617

 
50,570

 
Weighted average diluted
 
 
 
 
 
 
 
 
 
 
Shares outstanding
50,599

 
50,755

 
50,801

 
50,947

 
50,775

 
Market Price
 
 
 
 
 
 
 
 
 
 
High
$
50.06

 
$
49.39

 
$
45.99

 
$
42.38

 
$
50.06

 
Low
$
38.55

 
$
40.81

 
$
39.47

 
$
34.60

 
$
34.60