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Unaudited Quarterly Financial Information (Tables)
 12 Months Ended
Dec. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Results of Operations for Each Quarter

Results of operations for each of the four quarters in the respective fiscal years are as follows. Each quarter during fiscal 2017 and fiscal 2016 represents a period of twelve weeks, except the first quarter, which includes sixteen weeks (amounts in thousands, except per share data):

 

 

 

 

 

First Quarter**

 

 

Second Quarter**

 

 

Third Quarter**

 

 

Fourth Quarter

 

Sales

 

2017

 

$

1,187,649

 

 

$

926,639

 

 

$

932,822

 

 

$

873,623

 

 

 

2016

 

$

1,204,352

 

 

$

935,025

 

 

$

918,791

 

 

$

868,717

 

Materials, supplies, labor and other production costs

   (exclusive of depreciation and amortization

   shown separately)*

 

2017

 

$

607,941

 

 

$

468,152

 

 

$

476,170

 

 

$

456,800

 

 

 

2016

 

$

621,190

 

 

$

477,955

 

 

$

476,760

 

 

$

450,462

 

Net income (loss)

 

2017

 

$

60,418

 

 

$

44,740

 

 

$

(33,571

)

 

$

78,533

 

 

 

2016

 

$

59,363

 

 

$

51,155

 

 

$

40,216

 

 

$

13,042

 

Basic net income (loss) per share

 

2017

 

$

0.29

 

 

$

0.21

 

 

$

(0.16

)

 

$

0.37

 

 

 

2016

 

$

0.28

 

 

$

0.25

 

 

$

0.19

 

 

$

0.06

 

Diluted net income (loss) per share

 

2017

 

$

0.29

 

 

$

0.21

 

 

$

(0.16

)

 

$

0.37

 

 

 

2016

 

$

0.28

 

 

$

0.24

 

 

$

0.19

 

 

$

0.06

 

 

*

The company does not report gross margin.  This line item presents our material, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately) under an alternative presentation.

The table below presents financial results that impact comparability, by quarter, for fiscal 2017 (amounts in thousands):

 

Items presented separately on the Consolidated Statements of Income

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

 

Fiscal 2017

 

 

Footnote

Gain on divestiture

 

$

(28,875

)

 

$

—

 

 

$

—

 

 

$

—

 

 

$

(28,875

)

 

Note 6

Restructuring and related impairment charges

 

$

—

 

 

$

—

 

 

$

100,549

 

 

$

3,581

 

 

$

104,130

 

 

Note 5

Multi-employer pension plan withdrawal costs

 

$

—

 

 

$

—

 

 

$

18,268

 

 

$

—

 

 

$

18,268

 

 

Note 21

Pension settlement loss

 

$

—

 

 

$

—

 

 

$

3,030

 

 

$

1,619

 

 

$

4,649

 

 

Note 21

Income tax benefit resulting from Tax reform

 

$

—

 

 

$

—

 

 

$

—

 

 

$

(48,160

)

 

$

(48,160

)

 

Note 22

 

The table below presents financial results that impact comparability, by quarter, for fiscal 2016 (amounts in thousands):

 

Items presented separately on the Consolidated Statements of Income

 

First Quarter

 

 

Second Quarter

 

 

Third Quarter

 

 

Fourth Quarter

 

 

Fiscal 2016

 

 

Footnote

Impairment of assets

 

$

—

 

 

$

—

 

 

$

—

 

 

$

24,877

 

 

$

24,877

 

 

Note 9

Pension settlement loss

 

$

—

 

 

$

4,641

 

 

$

1,832

 

 

$

173

 

 

$

6,646

 

 

Note 21