Quarterly Financial Information (Unaudited)

12 Months Ended

Jan. 01, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Selected quarterly financial information is as follows for the fiscal years ended:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
	(In thousands, except per share data)
January 1, 2023
Revenue	$	963,163	$	895,642	$	711,803	$	741,214	$	3,311,822
Gross profit	594,740		551,717		407,044		436,329		1,989,830

Operating income from continuing operations	261,967		232,486		110,780		137,466		742,699
Income from continuing operations before income taxes	224,904		206,344		82,142		138,447		651,837
Income from continuing operations	184,070		161,601		69,508		97,497		512,676
(Loss) income from discontinued operations	(7,108)		17,611		15,839		30,161		56,503
Net income	176,962		179,212		85,347		127,658		569,179
Basic earnings per share:
Income from continuing operations	$	1.46	$	1.28	$	0.55	$	0.77	$	4.06
(Loss) income from discontinued operations	(0.06)		0.14		0.13		0.24		0.45
Net income	1.40		1.42		0.68		1.01		4.51
Diluted earnings per share:
Income from continuing operations	$	1.45	$	1.28	$	0.55	$	0.77	$	4.06
(Loss) income from discontinued operations	(0.06)		0.14		0.13		0.24		0.45
Net income	1.39		1.42		0.67		1.01		4.50


January 2, 2022
Revenue	$	1,027,836	$	910,747	$	861,315	$	1,027,910	$	3,827,808
Gross profit	693,187		574,143		522,860		643,797		2,433,987

Operating income from continuing operations	455,010		307,999		195,554		299,894		1,258,457
Income from continuing operations before income taxes	467,537		301,329		135,012		299,704		1,203,582
Income from continuing operations	369,859		227,857		107,631		184,089		889,436
Income from discontinued operations	9,446		18,073		20,107		6,095		53,721
Net income	379,305		245,930		127,738		190,184		943,157
Basic earnings per share:
Income from continuing operations	$	3.30	$	2.03	$	0.94	$	1.46	$	7.66
Income from discontinued operations	0.08		0.16		0.18		0.05		0.46
Net income	3.38		2.19		1.12		1.51		8.12
Diluted earnings per share:
Income continuing operations	$	3.29	$	2.03	$	0.94	$	1.45	$	7.62
Income from discontinued operations	0.08		0.16		0.17		0.05		0.46
Net income	3.37		2.19		1.11		1.50		8.08