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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Net sales $ 2,267,852 $ 1,826,598 $ 1,636,538
Cost of sales 1,366,672 1,120,093 995,953
Gross profit 901,180 706,505 640,585
Selling and distribution expenses 223,883 193,353 182,578
General and administrative expenses 220,548 181,795 157,016
Restructuring Charges 10,524 28,754 7,078
Gain (Loss) Related to Litigation Settlement 0 0 6,519
Income from operations 446,225 302,603 300,432 [1]
Net interest expense and deferred financing amortization, net 23,880 16,967 15,592
Other expense, net 1,040 4,469 4,050
Earnings before income taxes 421,305 281,167 280,790
Provision for income taxes 137,089 89,557 87,478
Net earnings $ 284,216 $ 191,610 $ 193,312
Net earnings per share:      
Basic (in usd per share) $ 4.98 $ 3.36 [2] $ 3.41
Diluted (in usd per share) $ 4.98 $ 3.36 [2] $ 3.40
Weighted average number of shares      
Basic (in shares) 57,030 56,951 56,764
Dilutive common stock equivalents (in shares) 55 22 20
Diluted (in shares) 57,085 56,973 56,784
[1] Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2] Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.