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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Sales $ 5,759,552 $ 5,474,177
Costs and expenses:    
Cost of sales 4,999,665 4,725,279
Selling, general, and administrative expenses 515,519 505,813
Depreciation and amortization 37,141 40,933
Restructuring, integration, and other charges 15,505 20,788
Total Costs and Expenses 5,567,830 5,292,813
Operating income 191,722 181,364
Equity in earnings of affiliated companies 925 1,856
Interest and other financing expense, net 38,073 35,575
Income before income taxes 154,574 147,645
Provision for income taxes 39,224 41,053
Consolidated net income 115,350 106,592
Noncontrolling interests 1,582 357
Net income attributable to shareholders $ 113,768 $ 106,235
Net income per share:    
Basic $ 1.27 $ 1.16
Diluted [1] $ 1.26 $ 1.14
Weighted-average shares outstanding:    
Basic 89,262 91,514
Diluted 90,541 92,787
[1] Stock-based compensation awards for the issuance of 244 and 1,039 shares for the first quarter of 2017 and 2016, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.