Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Financial information for each quarter in the fiscal years ended December 30, 2017 and December 31, 2016, is set forth below (in thousands, except per share data):

	First		Second			Third			Fourth
	Quarter		Quarter			Quarter			Quarter			Fiscal Year
	(In thousands)
Fiscal year ended December 30, 2017
Net sales	$	5,788,425	$	6,158,654		$	6,204,194		$	5,995,888		$	24,147,161
Cost of goods sold		4,797,117		5,104,605			5,105,632			4,922,264			19,929,618
Gross profit		991,308		1,054,049			1,098,562			1,073,624			4,217,543
Operating expenses		914,784		928,475			908,532			891,928			3,643,719
Interest expense—net		41,886		41,003			43,211			43,482			169,582
Income before income taxes		34,638		84,571			146,819			138,214			404,242
Income tax provision (benefit)		7,822		19,113			51,268			(118,255	)		(40,052	)
Net income	$	26,816	$	65,458		$	95,551		$	256,469		$	444,294
Net income per share:
Basic	$	0.12	$	0.29		$	0.43		$	1.16		$	2.00
Diluted	$	0.12	$	0.29		$	0.42		$	1.15		$	1.97
Fiscal year ended December 31, 2016
Net sales	$	5,593,149	$	5,806,758		$	5,840,963		$	5,677,938		$	22,918,808
Cost of goods sold		4,633,381		4,772,721			4,808,426			4,651,008			18,865,536
Gross profit		959,768		1,034,037			1,032,537			1,026,930			4,053,272
Operating expenses		875,091		935,600			917,446			911,314			3,639,451
Interest expense—net		70,559		70,245			48,956			39,320			229,080
Loss on extinguishment of debt		—		42,149			11,483			—			53,632
Income (loss) before income taxes		14,118		(13,957	)		54,652			76,296			131,109
Income tax provision (benefit)		807		(565	)		(78,359	)		(568	)		(78,685	)
Net income (loss)	$	13,311	$	(13,392	)	$	133,011		$	76,864		$	209,794
Net income (loss) per share:
Basic	$	0.08	$	(0.07	)	$	0.60		$	0.35		$	1.05
Diluted	$	0.08	$	(0.07	)	$	0.59		$	0.34		$	1.03