XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Net sales $ 1,579,977 $ 1,591,626
Cost of sales 952,873 951,067
Gross profit 627,104 640,559
Selling, delivery and administrative expenses 437,284 425,153
Income from operations 189,820 215,406
Interest expense (income), net 6,874 (2,716)
Mark-to-market on acquisition related contingent consideration 42,728 (5,541)
Other expense, net 745 828
Income before taxes 139,473 222,835
Income tax expense 35,862 57,094
Net income $ 103,611 $ 165,741
Common Stock    
Basic net income per share:    
Common Stock (in dollars per share) $ 11.88 $ 17.68
Weighted average number of Common Stock shares outstanding (in shares) 7,713 8,369
Diluted net income per share:    
Common Stock (in dollars per share) $ 11.87 $ 17.66
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 8,726 9,387
Cash dividends per share:    
Common Stock (in dollars per share) $ 2.50 $ 16.50
Class B Common Stock    
Basic net income per share:    
Common Stock (in dollars per share) $ 11.88 $ 17.68
Weighted average number of Common Stock shares outstanding (in shares) 1,005 1,005
Diluted net income per share:    
Common Stock (in dollars per share) $ 11.86 $ 17.46
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 1,013 1,018
Cash dividends per share:    
Common Stock (in dollars per share) $ 2.50 $ 16.50