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Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Dec. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

2017

 

 

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

$

 

8,128,082

 

 

$

 

1,924,225

 

 

$

 

1,906,644

 

 

$

 

1,894,709

 

 

$

 

2,402,504

 

Gross profit

 

 

1,144,909

 

 

 

 

254,815

 

 

 

 

261,692

 

 

 

 

271,026

 

 

 

 

357,376

 

Merger/acquisition and integration

 

 

8,101

 

 

 

 

1,070

 

 

 

 

2,392

 

 

 

 

622

 

 

 

 

4,017

 

Goodwill impairment

 

 

189,027

 

 

 

 

—

 

 

 

 

189,027

 

 

 

 

—

 

 

 

 

—

 

Restructuring charges (gains) and asset impairment

 

 

39,432

 

 

 

 

2,799

 

 

 

 

35,626

 

 

 

 

(14

)

 

 

 

1,021

 

(Loss) earnings before income taxes and discontinued operations

 

 

(131,644

)

 

 

 

12,492

 

 

 

 

(199,897

)

 

 

 

33,327

 

 

 

 

22,434

 

(Loss) earnings from continuing operations

 

 

(52,617

)

 

 

 

34,710

 

 

 

 

(123,452

)

 

 

 

21,060

 

 

 

 

15,065

 

Loss from discontinued operations, net of taxes

 

 

(228

)

 

 

 

(103

)

 

 

 

(54

)

 

 

 

(31

)

 

 

 

(40

)

Net (loss) earnings

$

 

(52,845

)

 

$

 

34,607

 

 

$

 

(123,506

)

 

$

 

21,029

 

 

$

 

15,025

 

(Loss) earnings from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

(1.41

)

 

$

 

0.94

 

 

$

 

(3.31

)

 

$

 

0.56

 

 

$

 

0.40

 

Diluted

 

 

(1.41

)

 

 

 

0.94

 

 

 

 

(3.31

)

 

 

 

0.56

 

 

 

 

0.40

 

Net (loss) earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

(1.41

)

 

$

 

0.94

 

 

$

 

(3.32

)

 

$

 

0.56

 

 

$

 

0.40

 

Diluted

 

 

(1.41

)

 

 

 

0.94

 

 

 

 

(3.32

)

 

 

 

0.56

 

 

 

 

0.40

 

Dividends

$

 

24,704

 

 

$

 

6,055

 

 

$

 

6,149

 

 

$

 

6,245

 

 

$

 

6,255

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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/acquisition and integration

 

 

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