XML 45 R26.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2016
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.

 

 

Year Ended December 31, 2016

 

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

Net sales

$

 

7,734,600

 

 

$

 

1,828,183

 

 

$

 

1,800,085

 

 

$

 

1,827,562

 

 

$

 

2,278,770

 

Gross profit

 

 

1,111,494

 

 

 

 

259,258

 

 

 

 

255,295

 

 

 

 

262,699

 

 

 

 

334,242

 

Merger integration and acquisition

 

 

6,959

 

 

 

 

2,722

 

 

 

 

2,427

 

 

 

 

913

 

 

 

 

897

 

Restructuring charges and asset impairment

 

 

32,116

 

 

 

 

8,402

 

 

 

 

2,662

 

 

 

 

5,748

 

 

 

 

15,304

 

Earnings before income taxes and discontinued operations

 

 

89,963

 

 

 

 

20,079

 

 

 

 

25,594

 

 

 

 

28,303

 

 

 

 

15,987

 

Earnings from continuing operations

 

 

57,056

 

 

 

 

12,806

 

 

 

 

16,730

 

 

 

 

17,560

 

 

 

 

9,960

 

(Loss) earnings from discontinued operations, net of taxes

 

 

(228

)

 

 

 

39

 

 

 

 

(82

)

 

 

 

(76

)

 

 

 

(109

)

Net earnings

$

 

56,828

 

 

$

 

12,845

 

 

$

 

16,648

 

 

$

 

17,484

 

 

$

 

9,851

 

Earnings from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

1.52

 

 

$

 

0.34

 

 

$

 

0.45

 

 

$

 

0.47

 

 

$

 

0.27

 

Diluted

 

 

1.52

 

 

 

 

0.34

 

 

 

 

0.45

 

 

 

 

0.47

 

 

 

 

0.27

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

1.52

 

 

$

 

0.34

 

 

$

 

0.44

 

 

$

 

0.47

 

 

$

 

0.26

 

Diluted

 

 

1.51

 

 

 

 

0.34

 

 

 

 

0.44

 

 

 

 

0.47

 

 

 

 

0.26

 

Dividends

$

 

22,496

 

 

$

 

5,623

 

 

$

 

5,620

 

 

$

 

5,621

 

 

$

 

5,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended January 2, 2016

 

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

Net sales

$

 

7,651,973

 

 

$

 

1,768,025

 

 

$

 

1,775,401

 

 

$

 

1,795,864

 

 

$

 

2,312,683

 

Gross profit

 

 

1,115,682

 

 

 

 

258,345

 

 

 

 

259,049

 

 

 

 

262,042

 

 

 

 

336,246

 

Merger integration and acquisition

 

 

8,433

 

 

 

 

1,181

 

 

 

 

4,417

 

 

 

 

151

 

 

 

 

2,684

 

Restructuring charges (gains) and asset impairment

 

 

8,802

 

 

 

 

1,040

 

 

 

 

760

 

 

 

 

(336

)

 

 

 

7,338

 

Earnings before income taxes and discontinued operations

 

 

100,259

 

 

 

 

26,813

 

 

 

 

24,389

 

 

 

 

31,926

 

 

 

 

17,131

 

Earnings from continuing operations

 

 

63,166

 

 

 

 

17,164

 

 

 

 

15,248

 

 

 

 

20,307

 

 

 

 

10,447

 

(Loss) earnings from discontinued operations, net of taxes

 

 

(456

)

 

 

 

(435

)

 

 

 

145

 

 

 

 

(46

)

 

 

 

(120

)

Net earnings

$

 

62,710

 

 

$

 

16,729

 

 

$

 

15,393

 

 

$

 

20,261

 

 

$

 

10,327

 

Earnings from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

1.68

 

 

$

 

0.46

 

 

$

 

0.41

 

 

$

 

0.54

 

 

$

 

0.28

 

Diluted

 

 

1.67

 

 

 

 

0.46

 

 

 

 

0.40

 

 

 

 

0.54

 

 

 

 

0.28

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

1.67

 

 

$

 

0.44

 

 

$

 

0.41

 

 

$

 

0.54

 

 

$

 

0.27

 

Diluted

 

 

1.66

 

 

 

 

0.44

 

 

 

 

0.41

 

 

 

 

0.54

 

 

 

 

0.27

 

Dividends

$

 

20,299

 

 

$

 

5,076

 

 

$

 

5,072

 

 

$

 

5,059

 

 

$

 

5,092