XML 69 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Consolidated Statements of Income [Abstract]      
Net sales $ 3,543,299 $ 3,509,270 $ 3,466,807
Cost of sales, including advertising, warehousing and distribution expenses 2,605,105 2,574,269 2,554,284
Gross profit on sales 938,194 935,001 912,523
Operating, general and administrative expenses 853,555 852,330 834,004
Income from operations 84,639 82,671 78,519
Investment income (loss) and interest expense 7,054 (1,454) 2,598
Other income (expense) (3,049) 919 (2,094)
Income before provision for income taxes 88,644 82,136 79,023
Provision for income taxes 20,661 19,398 (19,391)
Net income $ 67,983 $ 62,738 $ 98,414
Weighted-average shares outstanding, basic and diluted 26,898,443 26,898,443 26,898,443
Cash dividends per share $ 1.24 $ 1.21 $ 1.20
Basic and diluted earnings per share $ 2.53 $ 2.33 $ 3.66