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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Sales $ 5,539,931 $ 4,613,307 $ 10,762,934 $ 8,848,673
Costs and expenses:        
Cost of sales 4,769,784 4,024,831 9,270,279 7,722,264
Selling, general and administrative expenses 490,590 375,876 955,510 742,625
Depreciation and amortization 26,006 17,760 48,944 36,237
Restructuring, integration, and other charges 5,221 5,649 14,828 13,086
Settlement of legal matter 0 0 5,875 0
Total Costs and Expenses 5,291,601 4,424,116 10,295,436 8,514,212
Operating income 248,330 189,191 467,498 334,461
Equity in earnings of affiliated companies 1,408 1,785 2,621 2,933
Gain on bargain purchase 0 0 1,755 0
Loss on prepayment of debt 0 1,570 0 1,570
Interest and other financing expense, net 26,536 19,355 52,303 38,441
Income before income taxes 223,202 170,051 419,571 297,383
Provision for income taxes 66,891 53,858 126,763 94,149
Consolidated net income 156,311 116,193 292,808 203,234
Noncontrolling interests 114 0 302 (5)
Net income attributable to shareholders $ 156,197 $ 116,193 $ 292,506 $ 203,239
Net income per share:        
Basic $ 1.35 $ 0.97 $ 2.54 $ 1.7
Diluted $ 1.33 [1] $ 0.96 [1] $ 2.49 [1] $ 1.68 [1]
Average number of shares outstanding:        
Weighted average shares outstanding - basic 115,434 119,228 115,323 119,731
Weighted average shares outstanding - diluted 117,469 120,585 117,463 121,270
[1] (a)Stock-based compensation awards for the issuance of 398 and 342 shares for the second quarter and first six months of 2011 and 3,471 and 3,300 shares for the second quarter and first six months of 2010, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.