Quarterly Financial Information (unaudited)

12 Months Ended

Jan. 03, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (unaudited)

Note 18

Quarterly Financial Information (unaudited)

Earnings per share amounts for each quarter are required to be computed independently and may not equal the amount computed for the total year. Common stock prices are the high and low sales prices for transactions reported on the NASDAQ Global Select Market for each period.

(In thousands, except per share data) Fiscal January 3, 2015	Full Year (53 weeks)			4^th Quarter (13 weeks)			3^rd Quarter (12 weeks)			2^nd Quarter (12 weeks)			1^st Quarter (16 weeks)
Net sales	$	7,916,062		$	1,962,589		$	1,809,571		$	1,810,175		$	2,333,727
Gross profit		1,156,074			282,213			261,409			265,114			347,338
Merger transaction and integration expenses		12,675			4,547			1,379			2,581			4,168
Restructuring and asset impairment charges (gains)		6,166			6,233			(1,272	)		1,078			127
Earnings from continuing operations before income taxes		90,449			15,030			28,146			27,174			20,099
Earnings from continuing operations		59,120			12,037			17,169			17,395			12,519
Discontinued operations, net of taxes		(524	)		(166	)		(73	)		(76	)		(209	)
Net earnings		58,596		$	11,871		$	17,096		$	17,319		$	12,310
Earnings from continuing operations per share:
Basic	$	1.57		$	0.32		$	0.46		$	0.46		$	0.33
Diluted		1.57			0.32			0.45			0.46			0.33
Net earnings per share:
Basic	$	1.56		$	0.32		$	0.45		$	0.46		$	0.33
Diluted		1.55			0.32			0.45			0.46			0.33
Dividends	$	18,090		$	4,502		$	4,529		$	4,526		$	4,533
Common stock price – High		26.89			26.89			22.50			24.68			25.74
Common stock price – Low		19.16			19.88			19.16			19.44			21.00

(In thousands, except per share data) Fiscal December 28, 2013	Full Year (39 weeks)			3^rd Quarter (15 weeks)			2^nd Quarter (12 weeks)			1^st Quarter (12 weeks)
Net sales	$	2,597,230		$	1,335,354		$	649,471		$	612,405
Gross profit		486,880			225,308			136,296			125,276
Merger transaction and integration expenses		20,993			15,519			3,638			1,836
Restructuring and asset impairment charges		15,644			14,657			—			987
Debt extinguishment		5,527			5,527			—			—
Earnings (loss) from continuing operations before income taxes		2,070			(21,480	)		15,870			7,680
Earnings (loss) from continuing operations		1,229			(13,670	)		10,115			4,784
Discontinued operations, net of taxes		(488	)		(322	)		(65	)		(101	)
Net earnings (loss)	$	741		$	(13,992	)	$	10,050		$	4,683
Earnings (loss) from continuing operations per share:
Basic	$	0.05		$	(0.49	)	$	0.46		$	0.22
Diluted		0.05			(0.49	)		0.46			0.22
Net earnings (loss) per share:
Basic	$	0.03		$	(0.50	)	$	0.46		$	0.21
Diluted		0.03			(0.50	)		0.46			0.21
Dividends	$	5,908		$	1,969		$	1,969		$	1,970
Common stock price – High		24.78			24.78			24.40			19.73
Common stock price – Low		16.10			21.02			17.90			16.10

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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