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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 6,653,858 $ 6,200,957 $ 5,562,714
Cost of sales 4,055,147 3,923,003 3,608,527
Gross profit 2,598,711 2,277,954 1,954,187
Selling, delivery and administrative expenses 1,764,260 1,636,907 1,515,016
Income from operations 834,451 641,047 439,171
Interest (income) expense, net (918) 24,792 33,449
Mark-to-market on acquisition related contingent consideration 159,354 32,301 146,308
Pension plan settlement expense 112,796 0 0
Other expense, net 5,738 8,867 4,265
Income before taxes 557,481 575,087 255,149
Income tax expense 149,106 144,929 65,569
Net income $ 408,375 $ 430,158 $ 189,580
Common Stock      
Basic net income per share:      
Common Stock (in dollars per share) $ 43.56 $ 45.88 $ 20.23
Weighted average number of Common Stock shares outstanding (in shares) 8,369 8,117 7,141
Diluted net income per share:      
Common Stock (in dollars per share) $ 43.48 $ 45.74 $ 20.17
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 9,392 9,405 9,400
Class B Common Stock      
Basic net income per share:      
Common Stock (in dollars per share) $ 43.56 $ 45.93 $ 20.23
Weighted average number of Common Stock shares outstanding (in shares) 1,005 1,257 2,232
Diluted net income per share:      
Common Stock (in dollars per share) $ 43.40 $ 45.76 $ 20.16
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares) 1,023 1,288 2,259