XML 61 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 05, 2019
Oct. 06, 2018
Oct. 05, 2019
Oct. 06, 2018
Income Statement [Abstract]        
Net sales $ 1,999,808 $ 1,886,730 $ 6,538,112 $ 6,167,756
Cost of sales 1,709,447 1,630,588 5,581,015 5,302,740
Gross profit 290,361 256,142 957,097 865,016
Operating expenses        
Selling, general and administrative 273,286 228,583 900,160 773,844
Merger/acquisition and integration   521 1,364 3,531
Restructuring charges and asset impairment 1,296 232 10,215 5,269
Total operating expenses 274,582 229,336 911,739 782,644
Operating earnings 15,779 26,806 45,358 82,372
Other expenses and (income)        
Interest expense 7,375 7,082 27,952 22,828
Loss on debt extinguishment 329   329  
Postretirement benefit expense (income) 10,221 (6) 19,677 (20)
Other, net (180) (189) (1,071) (635)
Total other expenses, net 17,745 6,887 46,887 22,173
(Loss) earnings before income taxes and discontinued operations (1,966) 19,919 (1,529) 60,199
Income tax (benefit) expense (1,656) 2,374 (1,973) 12,381
(Loss) earnings from continuing operations (310) 17,545 444 47,818
Loss from discontinued operations, net of taxes (27) (80) (126) (238)
Net (loss) earnings $ (337) $ 17,465 $ 318 $ 47,580
Basic (loss) earnings per share:        
(Loss) earnings from continuing operations $ (0.01) $ 0.49 $ 0.01 $ 1.33
Loss from discontinued operations       (0.01)
Net (loss) earnings (0.01) 0.49 0.01 1.32
Diluted (loss) earnings per share:        
(Loss) earnings from continuing operations (0.01) 0.49 0.01 1.33
Loss from discontinued operations       (0.01)
Net (loss) earnings $ (0.01) $ 0.49 $ 0.01 $ 1.32