XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jul. 13, 2019
Jul. 14, 2018
Jul. 13, 2019
Jul. 14, 2018
Income Statement [Abstract]        
Sales $ 975,759,000 $ 941,283,000 $ 2,239,654,000 $ 2,147,736,000
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) 508,552,000 488,871,000 1,160,693,000 1,113,993,000
Selling, distribution and administrative expenses 359,497,000 360,365,000 835,546,000 814,828,000
Depreciation and amortization 33,329,000 35,098,000 78,148,000 79,287,000
Loss (recovery) on inferior ingredients   3,884,000 (413,000) 3,884,000
Impairment of assets       2,483,000
Multi-employer pension plan withdrawal costs       2,322,000
Restructuring and related impairment charges 2,047,000 801,000 2,765,000 2,060,000
Income from operations 72,334,000 52,264,000 162,915,000 128,879,000
Interest expense 9,192,000 8,214,000 21,663,000 19,210,000
Interest income (6,423,000) (6,466,000) (15,070,000) (14,561,000)
Pension plan settlement loss   1,035,000 0 5,703,000
Other components of net periodic pension and postretirement benefits expense (credit) 519,000 (298,000) 1,211,000 (1,033,000)
Income before income taxes 69,046,000 49,779,000 155,111,000 119,560,000
Income tax expense 15,951,000 4,337,000 36,150,000 22,871,000
Net income $ 53,095,000 $ 45,442,000 $ 118,961,000 $ 96,689,000
Basic:        
Net income per common share $ 0.25 $ 0.22 $ 0.56 $ 0.46
Weighted average shares outstanding 211,685 211,048 211,517 210,956
Diluted:        
Net income per common share $ 0.25 $ 0.21 $ 0.56 $ 0.46
Weighted average shares outstanding 211,957 211,507 211,924 211,443
Cash dividends paid per common share $ 0.1900 $ 0.1800 $ 0.3700 $ 0.3500