Unaudited Quarterly Financial Information

12 Months Ended

Jan. 02, 2016

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Information

Note 23. Unaudited Quarterly Financial Information

Results of operations for each of the four quarters in the respective fiscal years are as follows. Each quarter during fiscal 2015 represents a period of twelve weeks, except the first quarter, which includes sixteen weeks. The first quarter of fiscal 2014 represents sixteen weeks, the second and third quarter of fiscal 2014 represents twelve weeks, and the fourth quarter of fiscal 2014 represents thirteen weeks.

During the fourth quarter of fiscal 2014, we revised net sales and revised all prior periods in the fiscal 2014 Form 10-K. Historically, certain immaterial discounts had been recorded as an expense to selling, distribution and administrative costs. These discounts are now recorded as contra revenue. See Note 3, Financial Statement Revisions, for more detailed disclosure.

		FirstQuarter		Second Quarter		Third Quarter		Fourth Quarter
	(Amounts in thousands, except per share data)
Sales	2015	$	1,146,045	$	888,795	$	885,302	$	858,363
	2014	$	1,153,917	$	872,791	$	844,932	$	877,333
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately)	2015	$	585,916	$	457,253	$	464,045	$	455,939
	2014	$	595,877	$	458,019	$	442,978	$	453,759
Net income	2015	$	61,389	$	51,760	$	43,796	$	32,246
	2014	$	61,066	$	42,064	$	44,599	$	28,010
Basic net income per share	2015	$	0.29	$	0.25	$	0.21	$	0.15
	2014	$	0.29	$	0.20	$	0.21	$	0.13
Diluted net income per share	2015	$	0.29	$	0.24	$	0.21	$	0.15
	2014	$	0.29	$	0.20	$	0.21	$	0.13