Summary of Quarterly Results

12 Months Ended

Dec. 30, 2017

Summary of Quarterly Results [Abstract]

Summary of Quarterly Results

Note 10  Summary of Quarterly Results (Unaudited)

Quarterly financial data for 2017 and 2016 are as follows:

(dollars in thousands, except per share amounts)	Thirteen Weeks Ended
	April 1,2017		July 1, 2017		September 30, 2017		December 30, 2017
Net sales	$	852,229	$	876,569	$	854,261	$	883,748
Gross profit on sales		229,796		239,879		222,839		233,945
Net income		11,836		18,475		4,449		63,654	*
Basic and diluted earnings per share	$	.44	$	.69	$	.16	$	2.37

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*The quarter ended December 30, 2017 includes the tax benefit of $49.3 million as a result of revaluing the Company’s net deferred tax liability using the enacted Federal tax rate of 21% under the Tax Reform.

(dollars in thousands, except per share amounts)	Thirteen Weeks Ended						Fourteen Weeks Ended
	March 26, 2016		June 25, 2016		September 24, 2016		December 31, 2016
Net sales	$	738,204	$	730,433	$	742,986	$	925,097
Gross profit on sales		207,112		201,938		204,864		258,241
Gain on bargain purchase		-		-		-		23,879
Net income		20,129		15,265		10,628		41,140
Basic and diluted earnings per share	$	.75	$	.57	$	.40	$	1.52