XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Income Statement [Abstract]      
Net sales $ 9,643,100 $ 8,931,039 $ 9,348,485
Cost of sales 8,145,625 7,527,160 7,923,520
Gross profit 1,497,475 1,403,879 1,424,965
Operating expenses      
Selling, general and administrative 1,427,783 1,309,456 1,297,740
Paid time off transition adjustment   (21,371)  
Acquisition and integration 343 708 421
Restructuring and asset impairment, net 805 2,886 24,398
Total operating expenses 1,428,931 1,291,679 1,322,559
Operating earnings 68,544 112,200 102,406
Other expenses and (income)      
Interest expense 22,791 13,851 18,418
Other, net (1,162) (308) (1,376)
Total other expenses, net 21,629 13,543 17,042
Earnings before income taxes and discontinued operations 46,915 98,657 85,364
Income tax expense (benefit) 12,397 24,906 9,450
Earnings from continuing operations 34,518 73,751 75,914
Net earnings $ 34,518 $ 73,751 $ 75,914
Basic earnings per share:      
Earnings from continuing operations $ 0.98 $ 2.07 $ 2.12
Net earnings 0.98 2.07 2.12
Diluted earnings per share:      
Earnings from continuing operations 0.95 2.05 2.12
Net earnings $ 0.95 $ 2.05 $ 2.12
Weighted Average Number of Shares Outstanding, Basic 35,279 35,639 35,861
Weighted Average Number of Shares Outstanding, Diluted 36,313 35,943 35,862