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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Sales [1] $ 7,155,991 $ 6,875,613
Cost of sales 6,294,303 6,006,669
Gross profit 861,688 868,944
Operating expenses:    
Selling, general, and administrative expenses 556,076 562,969
Depreciation and amortization 47,526 47,247
Loss on disposition of businesses, net 866 1,562
Restructuring, integration, and other charges 11,660 21,171
Total operating expenses 616,128 632,949
Operating income 245,560 235,995
Equity in losses of affiliated companies (1,467) (673)
Gain (loss) on investments, net 5,348 (2,452)
Employee benefit plan expense 1,139 1,231
Interest and other financing expense, net 51,981 45,179
Income before income taxes 196,321 186,460
Provision for income taxes 53,907 46,590
Consolidated net income 142,414 139,870
Noncontrolling interests 1,679 776
Net income attributable to shareholders $ 140,735 $ 139,094
Net income per share:    
Basic $ 1.65 $ 1.58
Diluted [2] $ 1.63 $ 1.56
Weighted-average shares outstanding:    
Basic 85,400 87,955
Diluted 86,319 89,035
[1] Includes sales related to the United States of $2,782,035 and $2,649,668 for the first quarter of 2019 and 2018, respectively.
[2] Stock-based compensation awards for the issuance of 903 and 415 shares for the first quarter of 2019 and 2018, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.