XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 17, 2021
Jul. 11, 2020
Jul. 17, 2021
Jul. 11, 2020
Income Statement [Abstract]        
Sales $ 1,017,309 $ 1,025,861 $ 2,319,477 $ 2,375,305
Materials, supplies, labor and other production costs (exclusive of depreciation and amortization shown separately below) 504,062 506,033 1,147,638 1,176,906
Selling, distribution and administrative expenses 407,707 396,904 909,680 918,939
Depreciation and amortization 31,619 33,180 73,005 77,843
Loss on inferior ingredients     122  
Restructuring and related impairment charges   10,535   10,535
Income from operations 73,921 79,209 189,032 191,082
Interest expense 6,556 9,001 18,237 20,640
Interest income (5,486) (6,132) (12,966) (14,457)
Loss on extinguishment of debt     16,149  
Pension plan settlement and curtailment loss       116,207
Other components of net periodic pension and postretirement benefits (credit) expense (93) (72) (218) 71
Income before income taxes 72,944 76,412 167,830 68,621
Income tax expense 16,586 18,493 39,817 16,474
Net income $ 56,358 $ 57,919 $ 128,013 $ 52,147
Basic:        
Net income per common share $ 0.27 $ 0.27 $ 0.60 $ 0.25
Weighted average shares outstanding 211,932 211,780 211,908 211,766
Diluted:        
Net income per common share $ 0.26 $ 0.27 $ 0.60 $ 0.25
Weighted average shares outstanding 213,056 212,284 212,897 212,192
Cash dividends paid per common share $ 0.2100 $ 0.2000 $ 0.4100 $ 0.3900