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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Sep. 29, 2023
Sep. 30, 2022
Net sales $ 1,712,428 $ 1,628,589 $ 5,022,902 $ 4,628,162
Cost of sales 1,050,878 1,007,482 3,065,669 2,948,820
Gross profit 661,550 621,107 1,957,233 1,679,342
Selling, delivery and administrative expenses 445,290 431,177 1,301,249 1,211,134
Income from operations 216,260 189,930 655,984 468,208
Interest (income) expense, net (1,516) 6,083 2,766 20,928
Pension plan settlement expense 77,319 0 117,096 0
Other expense, net 19,473 24,746 91,184 27,666
Income before taxes 120,984 159,101 444,938 419,614
Income tax expense 28,891 40,340 112,399 107,901
Net income $ 92,093 $ 118,761 $ 332,539 $ 311,713
Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 9.82 $ 12.67 $ 35.47 $ 33.25
Weighted average number of Common Stock shares outstanding (in shares) 8,369 8,369 8,369 8,032
Diluted net income per share:        
Common Stock (in dollars per share) $ 9.80 $ 12.63 $ 35.38 $ 33.13
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,395 9,406 9,398 9,410
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.25 $ 4.50 $ 0.75
Class B Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 9.82 $ 12.67 $ 35.47 $ 33.29
Weighted average number of Common Stock shares outstanding (in shares) 1,005 1,005 1,005 1,342
Diluted net income per share:        
Common Stock (in dollars per share) $ 9.79 $ 12.62 $ 35.29 $ 33.15
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 1,026 1,037 1,029 1,378
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.25 $ 4.50 $ 0.75