XML 44 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 28, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)

Note 18 – Quarterly Financial Information (Unaudited)

Earnings per share amounts for each quarter are required to be computed independently and may not sum to the amount computed for the total year.

 

2019

 

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands, except per share amounts)

52 Weeks

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

Net sales

$

 

8,536,065

 

 

$

 

1,997,953

 

 

$

 

1,999,808

 

 

$

 

1,995,929

 

 

$

 

2,542,375

 

Gross profit

 

 

1,243,830

 

 

 

 

286,733

 

 

 

 

290,361

 

 

 

 

289,007

 

 

 

 

377,729

 

Merger/acquisition and integration

 

 

1,437

 

 

 

 

73

 

 

 

 

—

 

 

 

 

582

 

 

 

 

782

 

Restructuring, asset impairment and other charges (gains)

 

 

13,050

 

 

 

 

2,835

 

 

 

 

1,296

 

 

 

 

14,581

 

 

 

 

(5,662

)

Postretirement benefit expense

 

 

19,803

 

 

 

 

126

 

 

 

 

10,221

 

 

 

 

8,821

 

 

 

 

635

 

Earnings (loss) before income taxes and discontinued operations

 

 

3,575

 

 

 

 

5,104

 

 

 

 

(1,966

)

 

 

 

(9,708

)

 

 

 

10,145

 

Earnings (loss) from continuing operations

 

 

5,917

 

 

 

 

5,473

 

 

 

 

(310

)

 

 

 

(6,767

)

 

 

 

7,521

 

Loss from discontinued operations, net of taxes

 

 

(175

)

 

 

 

(49

)

 

 

 

(27

)

 

 

 

(47

)

 

 

 

(52

)

Net earnings (loss)

$

 

5,742

 

 

$

 

5,424

 

 

$

 

(337

)

 

$

 

(6,814

)

 

$

 

7,469

 

Earnings (loss) from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.16

 

 

$

 

0.15

 

 

$

 

(0.01

)

 

$

 

(0.19

)

 

$

 

0.21

 

Diluted

 

 

0.16

 

 

 

 

0.15

 

 

 

 

(0.01

)

 

 

 

(0.19

)

 

 

 

0.21

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.16

 

 

$

 

0.15

 

 

$

 

(0.01

)

 

$

 

(0.19

)

 

$

 

0.21

 

Diluted

 

 

0.16

 

 

 

 

0.15

 

 

 

 

(0.01

)

 

 

 

(0.19

)

 

 

 

0.21

 

Dividends

$

 

27,616

 

 

$

 

6,907

 

 

$

 

6,905

 

 

$

 

6,902

 

 

$

 

6,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

Full Year

 

 

4th Quarter

 

 

3rd Quarter

 

 

2nd Quarter

 

 

1st Quarter

 

(In thousands, except per share amounts)

(52 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(12 Weeks)

 

 

(16 Weeks)

 

Net sales

$

 

8,064,552

 

 

$

 

1,896,796

 

 

$

 

1,886,730

 

 

$

 

1,895,953

 

 

$

 

2,385,073

 

Gross profit

 

 

1,110,406

 

 

 

 

245,390

 

 

 

 

256,142

 

 

 

 

265,660

 

 

 

 

343,214

 

Merger/acquisition and integration

 

 

4,937

 

 

 

 

1,406

 

 

 

 

521

 

 

 

 

804

 

 

 

 

2,206

 

Restructuring, asset impairment and other charges (gains)

 

 

37,546

 

 

 

 

32,277

 

 

 

 

232

 

 

 

 

(1,164

)

 

 

 

6,202

 

Postretirement benefit expense (income)

 

 

159

 

 

 

 

179

 

 

 

 

(6

)

 

 

 

(10

)

 

 

 

(4

)

Earnings (loss) before income taxes and discontinued operations

 

 

40,698

 

 

 

 

(19,501

)

 

 

 

19,919

 

 

 

 

23,085

 

 

 

 

17,195

 

Earnings (loss) from continuing operations

 

 

33,791

 

 

 

 

(14,027

)

 

 

 

17,545

 

 

 

 

17,838

 

 

 

 

12,435

 

(Loss) earnings from discontinued operations, net of taxes

 

 

(219

)

 

 

 

19

 

 

 

 

(80

)

 

 

 

(66

)

 

 

 

(92

)

Net earnings (loss)

$

 

33,572

 

 

$

 

(14,008

)

 

$

 

17,465

 

 

$

 

17,772

 

 

$

 

12,343

 

Earnings (loss) from continuing operations per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.94

 

 

$

 

(0.39

)

 

$

 

0.49

 

 

$

 

0.50

 

 

$

 

0.34

 

Diluted

 

 

0.94

 

 

 

 

(0.39

)

 

 

 

0.49

 

 

 

 

0.50

 

 

 

 

0.34

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 

0.93

 

 

$

 

(0.39

)

 

$

 

0.49

 

 

$

 

0.49

 

 

$

 

0.34

 

Diluted

 

 

0.93

 

 

 

 

(0.39

)

 

 

 

0.49

 

 

 

 

0.49

 

 

 

 

0.34

 

Dividends

$

 

25,923

 

 

$

 

6,471

 

 

$

 

6,469

 

 

$

 

6,457

 

 

$

 

6,526