QUARTERLY FINANCIAL DATA (Unaudited) (Tables)

12 Months Ended

Dec. 28, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial data (Unaudited)

					Net Earnings
			Gross				Per Share				Stock Price				Dividends
	Net Sales		Profit		Amount		Basic		Diluted		High		Low		Declared
2019
First	$	692,139	$	165,129	$	36,481	$	1.67	$	1.66	$	139.50	$	107.43	$	0.375
Second	700,871		180,414		41,397		1.90		1.90		136.75		112.94		0.375
Third	690,340		176,086		40,144		1.86		1.85		146.46		123.74		0.375
Fourth	683,626		170,867		35,747		1.67		1.66		151.46		123.80		0.375
Year	$	2,766,976	$	692,496	$	153,769	$	7.10	$	7.06	$	151.46	$	107.43	$	1.50
2018
First	$	698,684	$	169,240	$	39,281	$	1.74	$	1.72	$	171.55	$	140.10	$	0.375
Second	682,405		174,999		32,960		1.47		1.46		154.60		137.90		0.375
Third (1)	678,692		164,340		4,448		0.20		0.20		157.15		135.00		0.375
Fourth (2)	697,363		149,701		17,662		0.80		0.80		141.38		103.01		0.375
Year	$	2,757,144	$	658,280	$	94,351	$	4.23	$	4.20	$	171.55	$	103.01	$	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 third quarter of 2018 included an impairment of goodwill and intangible assets totaling $14,736 after tax ($0.66 per share) and refinancing of long-term debt expenses of $11,115 after-tax ($0.50 per share).

(2) In the fourth quarter of 2018, the Company recognized restructuring activities expenses and non-recurring asset impairment charges from exiting certain markets of $20,625 after-tax ($0.92 per share).