XML 204 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net sales $ 815,967 $ 1,239,379 $ 1,613,871 $ 2,541,684
Cost of sales 680,164 1,037,971 1,344,529 2,049,225
Gross profit 135,803 201,408 269,342 492,459
Operating expenses (income):        
Selling, general, and administrative 88,750 91,338 179,924 182,627
Depreciation and amortization 7,951 6,518 15,669 13,264
Amortization of deferred gains on real estate (984) (984) (1,968) (1,968)
Gains from sales of property 0 (144) 0 (144)
Other operating expenses 993 626 4,109 1,464
Total operating expenses 96,710 97,354 197,734 195,243
Operating income 39,093 104,054 71,608 297,216
Non-operating expenses:        
Interest expense, net 6,311 11,255 13,998 22,548
Other expense, net 594 139 1,188 1,277
Income before provision for income taxes 32,188 92,660 56,422 273,391
Provision for income taxes 7,722 21,388 14,144 68,710
Net income $ 24,466 $ 71,272 $ 42,278 $ 204,681
Basic income per share (in dollars per share) $ 2.70 $ 7.64 $ 4.67 $ 21.49
Diluted income per share (in dollars per share) $ 2.70 $ 7.48 $ 4.67 $ 21.07
Comprehensive income:        
Net income $ 24,466 $ 71,272 $ 42,278 $ 204,681
Other comprehensive income:        
Amortization of unrecognized pension gain, net of tax 225 156 464 312
Other (11) (20) (22) 0
Total other comprehensive income 214 136 442 312
Comprehensive income $ 24,680 $ 71,408 $ 42,720 $ 204,993