QUARTERLY FINANCIAL INFORMATION (Unaudited)

12 Months Ended

Jan. 02, 2016

23.

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Financial information for each quarter in the fiscal years ended January 2, 2016 and December 27, 2014, is set forth below (in thousands):


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Fiscal Year
Fiscal year ended January 2, 2016
Net sales	$	5,553,638		$	5,842,547		$	5,796,066		$	5,935,281		$	23,127,532
Cost of goods sold		4,624,574			4,849,862			4,782,971			4,856,886			19,114,293

Gross profit		929,064			992,685			1,013,095			1,078,395			4,013,239
Operating expenses		886,729			970,726			939,844			1,026,112			3,823,411
Acquisition termination fees—net		—			287,500			—			—			287,500
Interest expense—net		70,913			69,981			69,927			74,354			285,175

(Loss) income before income taxes		(28,578	)		239,478			3,324			(22,071	)		192,153
Income tax (benefit) provision		(35,693	)		74,517			(2,063	)		(12,126	)		24,635

Net income (loss)	$	7,115		$	164,961		$	5,387		$	(9,945	)	$	167,518

Fiscal year ended December 27, 2014
Net sales	$	5,456,635		$	5,897,944		$	5,911,490		$	5,753,732		$	23,019,801
Cost of goods sold		4,561,948			4,933,697			4,950,661			4,775,786			19,222,092

Gross profit		894,687			964,247			960,829			977,946			3,797,709
Operating expenses		877,570			899,926			903,640			864,317			3,545,453
Interest expense—net		73,178			73,626			71,432			70,966			289,202

(Loss) income before income taxes		(56,061	)		(9,305	)		(14,243	)		42,663			(36,946	)
Income tax provision (benefit)		9,163			9,360			22,628			(5,183	)		35,968

Net (loss) income	$	(65,224	)	$	(18,665	)	$	(36,871	)	$	47,846		$	(72,914	)