XML 23 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Income Statement [Abstract]      
Net sales $ 7,734,600 $ 7,651,973 $ 7,916,062
Cost of sales 6,623,106 6,536,291 6,759,988
Gross profit 1,111,494 1,115,682 1,156,074
Operating expenses      
Selling, general and administrative 963,652 975,572 1,022,387
Merger integration and acquisition 6,959 8,433 12,675
Restructuring charges and asset impairment 32,116 8,802 6,166
Total operating expenses 1,002,727 992,807 1,041,228
Operating earnings 108,767 122,875 114,846
Other (income) and expenses      
Interest expense 19,082 21,820 24,414
Loss on debt extinguishment 247 1,171  
Other, net (525) (375) (17)
Total other expenses, net 18,804 22,616 24,397
Earnings before income taxes and discontinued operations 89,963 100,259 90,449
Income taxes 32,907 37,093 31,329
Earnings from continuing operations 57,056 63,166 59,120
Loss from discontinued operations, net of taxes (228) (456) (524)
Net earnings $ 56,828 $ 62,710 $ 58,596
Basic earnings per share:      
Earnings from continuing operations $ 1.52 $ 1.68 $ 1.57
Loss from discontinued operations   (0.01) (0.01)
Net earnings 1.52 1.67 1.56
Diluted earnings per share:      
Earnings from continuing operations 1.52 1.67 1.57
Loss from discontinued operations (0.01) (0.01) (0.02) [1]
Net earnings $ 1.51 $ 1.66 $ 1.55
[1] Includes rounding.