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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
Jul. 02, 2017
Jul. 03, 2016
Net sales $ 1,662,991 $ 1,637,671 $ 3,542,669 $ 3,466,483
Cost of sales 899,781 890,273 1,872,899 1,901,709
Gross profit 763,210 747,398 1,669,770 1,564,774
Selling, marketing and administrative expense 445,888 462,531 907,788 934,265
Long-lived asset impairment charges 0 0 208,712 0
Business realignment costs 1,981 22,105 45,998 28,238
Operating profit 315,341 262,762 507,272 602,271
Interest expense, net 24,126 21,338 47,867 42,343
Other (income) expense, net 10,098 8,128 9,927 (13,097)
Income before income taxes 281,117 233,296 449,478 573,025
Provision for income taxes 78,390 87,340 148,503 197,237
Net income (loss) including noncontrolling interest 202,727 145,956 300,975 375,788
Net income (loss) attributable to noncontrolling interest (774) 0 (27,570) 0
Net income (loss) attributable to The Hershey Company $ 203,501 $ 145,956 $ 328,545 $ 375,788
Common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) $ 0.98 $ 0.70 $ 1.58 $ 1.79
Net income per share—diluted:        
Net income per share - diluted (USD per share) 0.95 0.68 1.53 1.74
Dividends paid per share:        
Dividends paid per share (USD per share) 0.618 0.583 1.236 1.166
Class B common stock        
Net income per share—basic:        
Net income per share - basic (USD per share) 0.89 0.64 1.44 1.64
Net income per share—diluted:        
Net income per share - diluted (USD per share) 0.89 0.64 1.44 1.63
Dividends paid per share:        
Dividends paid per share (USD per share) $ 0.562 $ 0.530 $ 1.124 $ 1.06