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Quarterly Financial Information (unaudited) (Tables)
 12 Months Ended
Jan. 02, 2021
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

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.

 

2020

 

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands, except per share amounts)

(53 Weeks)

 

 

(13 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

Net sales

$

 

9,348,485

 

 

$

 

2,247,112

 

 

$

 

2,060,816

 

 

$

 

2,184,101

 

 

$

 

2,856,456

 

Gross profit

 

 

1,424,965

 

 

 

 

338,202

 

 

 

 

324,822

 

 

 

 

338,374

 

 

 

 

423,567

 

Restructuring, asset impairment and other charges

 

 

24,398

 

 

 

 

3,943

 

 

 

 

6,543

 

 

 

 

3,675

 

 

 

 

10,237

 

Earnings before income taxes

 

 

85,364

 

 

 

 

14,030

 

 

 

 

25,516

 

 

 

 

30,385

 

 

 

 

15,433

 

Net earnings

$

 

75,914

 

 

$

 

12,093

 

 

$

 

19,952

 

 

$

 

28,467

 

 

$

 

15,402

 

Earnings from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

2.12

 

 

$

 

0.34

 

 

$

 

0.56

 

 

$

 

0.80

 

 

$

 

0.43

 

Diluted

 

 

2.12

 

 

 

 

0.34

 

 

 

 

0.56

 

 

 

 

0.80

 

 

 

 

0.43

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

2.12

 

 

$

 

0.34

 

 

$

 

0.56

 

 

$

 

0.80

 

 

$

 

0.43

 

Diluted

 

 

2.12

 

 

 

 

0.34

 

 

 

 

0.56

 

 

 

 

0.80

 

 

 

 

0.43

 

Dividends

$

 

27,701

 

 

$

 

6,905

 

 

$

 

6,901

 

 

$

 

6,898

 

 

$

 

6,997

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

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

$

 

8,536,065

 

 

$

 

1,997,953

 

 

$

 

1,999,808

 

 

$

 

1,995,929

 

 

$

 

2,542,375

 

Gross profit

 

 

1,243,830

 

 

 

 

286,733

 

 

 

 

290,361

 

 

 

 

289,007

 

 

 

 

377,729

 

Merger/acquisition and integration

 

 

1,437

 

 

 

 

73

 

 

 

 

—

 

 

 

 

582

 

 

 

 

782

 

Restructuring, asset impairment and other charges (gains)

 

 

13,050

 

 

 

 

2,835

 

 

 

 

1,296

 

 

 

 

14,581

 

 

 

 

(5,662

)

Postretirement benefit expense

 

 

19,803

 

 

 

 

126

 

 

 

 

10,221

 

 

 

 

8,821

 

 

 

 

635

 

Earnings (loss) before income taxes and discontinued operations

 

 

3,575

 

 

 

 

5,104

 

 

 

 

(1,966

)

 

 

 

(9,708

)

 

 

 

10,145

 

Earnings (loss) from continuing operations

 

 

5,917

 

 

 

 

5,473

 

 

 

 

(310

)

 

 

 

(6,767

)

 

 

 

7,521

 

Loss from discontinued operations, net of taxes

 

 

(175

)

 

 

 

(49

)

 

 

 

(27

)

 

 

 

(47

)

 

 

 

(52

)

Net earnings (loss)

$

 

5,742

 

 

$

 

5,424

 

 

$

 

(337

)

 

$

 

(6,814

)

 

$

 

7,469

 

Earnings (loss) from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.16

 

 

$

 

0.15

 

 

$

 

(0.01

)

 

$

 

(0.19

)

 

$

 

0.21

 

Diluted

 

 

0.16

 

 

 

 

0.15

 

 

 

 

(0.01

)

 

 

 

(0.19

)

 

 

 

0.21

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.16

 

 

$

 

0.15

 

 

$

 

(0.01

)

 

$

 

(0.19

)

 

$

 

0.21

 

Diluted

 

 

0.16

 

 

 

 

0.15

 

 

 

 

(0.01

)

 

 

 

(0.19

)

 

 

 

0.21

 

Dividends

$

 

27,616

 

 

$

 

6,907

 

 

$

 

6,905

 

 

$

 

6,902

 

 

$

 

6,902