XML 183 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Net sales $ 1,765,652 $ 1,712,428 $ 5,153,221 $ 5,022,902
Cost of sales 1,067,616 1,050,878 3,097,916 3,065,669
Gross profit 698,036 661,550 2,055,305 1,957,233
Selling, delivery and administrative expenses 470,981 445,290 1,353,704 1,301,249
Income from operations 227,055 216,260 701,601 655,984
Interest expense (income), net 2,187 (1,516) (2,149) 2,766
Mark-to-market on acquisition related contingent consideration 68,592 18,864 90,877 86,038
Pension plan settlement expense 0 77,319 0 117,096
Other expense, net 713 609 2,250 5,146
Income before taxes 155,563 120,984 610,623 444,938
Income tax expense 39,939 28,891 156,446 112,399
Net income $ 115,624 $ 92,093 $ 454,177 $ 332,539
Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 13.20 $ 9.82 $ 49.71 $ 35.47
Weighted average number of Common Stock shares outstanding (in shares) 7,756 8,369 8,141 8,369
Diluted net income per share:        
Common Stock (in dollars per share) $ 13.18 $ 9.80 $ 49.59 $ 35.38
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 8,772 9,395 9,158 9,398
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.50 $ 17.50 $ 4.50
Class B Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 13.20 $ 9.82 $ 49.25 $ 35.47
Weighted average number of Common Stock shares outstanding (in shares) 1,005 1,005 1,005 1,005
Diluted net income per share:        
Common Stock (in dollars per share) $ 13.18 $ 9.79 $ 49.00 $ 35.29
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 1,016 1,026 1,017 1,029
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.50 $ 17.50 $ 4.50