QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (Unaudited)

21) QUARTERLY FINANCIAL DATA (Unaudited)

					Net Earnings
			Gross					Per Share						Stock Price				Dividends
	Net Sales		Profit		Amount			Basic			Diluted			High		Low		Declared
2017
First	$	637,473	$	164,605	$	38,979		$	1.73		$	1.72		$	165.20	$	135.95	$	0.375
Second	712,737		183,280		45,664			2.03			2.01			157.60		144.65		0.375
Third	680,779		163,594		35,208			1.56			1.55			160.35		140.90		0.375
Fourth (1)	714,978		170,289		(3,611		)	(0.16		)	(0.16		)	176.35		153.65		0.375
Year	$	2,745,967	$	681,768	$	116,240		$	5.16		$	5.11		$	176.35	$	135.95	$	1.50
2016
First	$	596,605	$	160,968	$	32,969		$	1.45		$	1.45		$	125.69	$	96.50	$	0.375
Second	640,249		175,117		42,026			1.86			1.85			145.94		117.10		0.375
Third	610,247		155,023		28,173			1.25			1.24			139.62		125.60		0.375
Fourth (2)	674,575		165,135		70,064			3.12			3.10			156.05		120.65		0.375
Year	$	2,521,676	$	656,243	$	173,232		$	7.68		$	7.63		$	156.05	$	96.50	$	1.50

Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year.

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(1) The fourth quarter of 2017 was impacted by the 2017 Tax Act. We remeasured our U.S. deferred income tax assets using a blended rate of 25.0% recognizing deferred income tax expense of approximately $20,372 ($0.90 per share). We also recorded a provision charge of approximately $9,890 ($0.44 per share) of income tax expense for the deemed repatriation transition tax and $11,673 ($0.51 per share) of deferred expenses related to foreign withholding taxes and U.S. state income taxes.

(2)     The fourth quarter of 2016 included a deferred income tax benefit of $30,590 ($1.35 per share)

primarily attributable to the re-measurement of the deferred tax asset related to the Company's U.K. defined benefit pension plan. In addition, fiscal 2016 included $9,888 ($0.44 per share) recorded as a valuation allowance against a tax credit asset. Finally, the fourth quarter of 2016 included the reversal of a contingent liability that was recognized as part of the Delta purchase accounting of $16,591 ($0.73 per share).