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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Document Period End Date     Jun. 29, 2019  
Sales [1] $ 7,344,548 $ 7,392,528 $ 14,500,539 $ 14,268,141
Cost of sales 6,529,639 6,459,708 12,823,942 12,466,377
Gross profit 814,909 932,820 1,676,597 1,801,764
Operating expenses:        
Selling, general, and administrative expenses 599,212 580,388 1,155,288 1,143,357
Depreciation and amortization 46,982 46,422 94,508 93,669
Loss on disposition of businesses, net 0 0 866 1,562
Impairments (Notes D and E) 697,993 0 697,993 0
Restructuring, integration, and other charges 19,912 19,183 31,572 40,354
Total operating expenses 1,364,099 645,993 1,980,227 1,278,942
Operating income (loss) (549,190) 286,827 (303,630) 522,822
Equity in earnings (losses) of affiliated companies 382 517 (1,085) (156)
Gain (loss) on investments, net 1,390 (2,563) 6,738 (5,015)
Employee benefit plan expense 1,139 1,257 2,278 2,488
Interest and other financing expense, net 51,563 60,803 103,544 105,982
Income (loss) before income taxes (600,120) 222,721 (403,799) 409,181
Provision (benefit) for income taxes (52,369) 51,681 1,538 98,271
Consolidated net income (loss) (547,751) 171,040 (405,337) 310,910
Noncontrolling interests 1,215 1,125 2,894 1,901
Net income (loss) attributable to shareholders $ (548,966) $ 169,915 $ (408,231) $ 309,009
Net income (loss) per share:        
Basic $ (6.48) $ 1.94 $ (4.80) $ 3.52
Diluted [2] $ (6.48) $ 1.92 $ (4.80) $ 3.48
Weighted-average shares outstanding:        
Basic 84,652 87,802 85,022 87,878
Diluted 84,652 88,652 85,022 88,841
[1]
Includes sales related to the United States of $2,902,393 and $5,684,428 for the second quarter and first six months of 2019 and $2,968,469 and $5,618,137 for the second quarter and first six months of 2018, respectively.

[2] Stock-based compensation awards for the issuance of 915 and 515 shares for the second quarter and first six months of 2018, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.