XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 07, 2023
Oct. 08, 2022
Oct. 07, 2023
Oct. 08, 2022
Income Statement [Abstract]        
Sales $ 1,199,260 $ 1,158,169 $ 3,961,803 $ 3,723,152
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) 617,468 615,621 2,044,417 1,926,297
Selling, distribution and administrative expenses 603,954 447,363 1,671,813 1,440,665
Depreciation and amortization 35,974 32,899 114,693 109,244
Plant closure costs and impairment of assets 1,034 6,835 1,034 7,825
Restructuring charges 179   6,873  
(Loss) income from operations (59,349) 55,451 122,973 239,121
Interest expense 8,552 6,801 28,398 22,239
Interest income (4,542) (5,459) (16,251) (17,292)
Other components of net periodic pension and postretirement benefit plans credit (62) (178) (207) (594)
(Loss) income before income taxes (63,297) 54,287 111,033 234,768
Income tax (benefit) expense (16,567) 13,759 23,293 54,971
Net (loss) income $ (46,730) $ 40,528 $ 87,740 $ 179,797
Basic:        
Net (loss) income per common share $ (0.22) $ 0.19 $ 0.41 $ 0.85
Weighted average shares outstanding 211,522 212,016 211,773 212,060
Diluted:        
Net (loss) income per common share $ (0.22) $ 0.19 $ 0.41 $ 0.84
Weighted average shares outstanding 211,522 213,326 213,455 213,317
Cash dividends paid per common share $ 0.2300 $ 0.2200 $ 0.6800 $ 0.6500