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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
Sales $ 5,150,563 $ 5,539,931 $ 10,040,092 $ 10,762,934
Costs and expenses:        
Cost of sales 4,463,419 4,769,784 8,672,369 9,270,279
Selling, general and administrative expenses 457,073 490,590 912,910 955,510
Depreciation and amortization 28,035 26,006 57,085 48,944
Restructuring, integration, and other charges 13,347 5,221 21,590 14,828
Settlement of legal matter 0 0 0 5,875
Total Costs and Expenses 4,961,874 5,291,601 9,663,954 10,295,436
Operating income 188,689 248,330 376,138 467,498
Equity in earnings of affiliated companies 1,428 1,408 3,612 2,621
Gain on bargain purchase 0 0 0 1,755
Interest and other financing expense, net 28,555 26,536 55,687 52,303
Income before income taxes 161,562 223,202 324,063 419,571
Provision for income taxes 47,081 66,891 95,859 126,763
Consolidated net income 114,481 156,311 228,204 292,808
Noncontrolling interests 98 114 193 302
Net income attributable to shareholders $ 114,383 $ 156,197 $ 228,011 $ 292,506
Net income per share:        
Basic $ 1.04 $ 1.35 $ 2.05 $ 2.54
Diluted $ 1.02 [1] $ 1.33 [1] $ 2.02 [1] $ 2.49 [1]
Average number of shares outstanding:        
Weighted average shares outstanding - basic 110,433 115,434 111,218 115,323
Weighted average shares outstanding - diluted 112,031 117,469 113,079 117,463
[1] (a)Stock-based compensation awards for the issuance of 1,552 and 804 shares for the second quarter and first six months of 2012 and 398 and 342 shares for the second quarter and first six months of 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.