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Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 29, 2018
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 sum to the amount computed for the total year.
| 2018 |
| 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 | $ |  | 8,064,552 |  |  | $ |  | 1,896,796 |  |  | $ |  | 1,886,730 |  |  | $ |  | 1,895,953 |  |  | $ |  | 2,385,073 |
Gross profit |  |  | 1,110,406 |  |  |  |  | 245,390 |  |  |  |  | 256,142 |  |  |  |  | 265,660 |  |  |  |  | 343,214 |
Merger/acquisition and integration |  |  | 4,937 |  |  |  |  | 1,406 |  |  |  |  | 521 |  |  |  |  | 804 |  |  |  |  | 2,206 |
Restructuring charges (gains), asset impairment and other charges |  |  | 37,546 |  |  |  |  | 32,277 |  |  |  |  | 232 |  |  |  |  | (1,164 | ) |  |  |  | 6,202 |
Earnings (loss) before income taxes and discontinued operations |  |  | 40,698 |  |  |  |  | (19,501 | ) |  |  |  | 19,919 |  |  |  |  | 23,085 |  |  |  |  | 17,195 |
Earnings (loss) from continuing operations |  |  | 33,791 |  |  |  |  | (14,027 | ) |  |  |  | 17,545 |  |  |  |  | 17,838 |  |  |  |  | 12,435 |
(Loss) earnings from discontinued operations, net of taxes |  |  | (219 | ) |  |  |  | 19 |  |  |  |  | (80 | ) |  |  |  | (66 | ) |  |  |  | (92 | )
Net earnings | $ |  | 33,572 |  |  | $ |  | (14,008 | ) |  | $ |  | 17,465 |  |  | $ |  | 17,772 |  |  | $ |  | 12,343 |
Earnings (loss) from continuing operations per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ |  | 0.94 |  |  | $ |  | (0.39 | ) |  | $ |  | 0.49 |  |  | $ |  | 0.50 |  |  | $ |  | 0.34 |
Diluted |  |  | 0.94 |  |  |  |  | (0.39 | ) |  |  |  | 0.49 |  |  |  |  | 0.50 |  |  |  |  | 0.34 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ |  | 0.93 |  |  | $ |  | (0.39 | ) |  | $ |  | 0.49 |  |  | $ |  | 0.49 |  |  | $ |  | 0.34 |
Diluted |  |  | 0.93 |  |  |  |  | (0.39 | ) |  |  |  | 0.49 |  |  |  |  | 0.49 |  |  |  |  | 0.34 |
Dividends | $ |  | 25,923 |  |  | $ |  | 6,471 |  |  | $ |  | 6,469 |  |  | $ |  | 6,457 |  |  | $ |  | 6,526 |
| 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 | $ |  | 7,963,799 |  |  | $ |  | 1,885,500 |  |  | $ |  | 1,868,398 |  |  | $ |  | 1,856,199 |  |  | $ |  | 2,353,702 |
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 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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