XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Jul. 01, 2017
Jun. 25, 2016
Income Statement [Abstract]        
Net sales $ 2,017,762 $ 1,852,534 $ 3,581,840 $ 3,320,331
Cost of merchandise sold 1,313,054 1,203,312 2,358,929 2,176,665
Gross profit 704,708 649,222 1,222,911 1,143,666
Selling, general and administrative expenses 405,736 365,916 787,850 718,588
Depreciation and amortization 41,047 34,057 80,774 67,634
Operating income 257,925 249,249 354,287 357,444
Interest expense, net 3,092 1,910 5,869 3,035
Income before income taxes 254,833 247,339 348,418 354,409
Income tax expense 94,184 90,914 127,458 130,316
Net income $ 160,649 $ 156,425 $ 220,960 $ 224,093
Net income per share – basic $ 1.25 $ 1.17 $ 1.71 $ 1.68
Net income per share – diluted $ 1.25 $ 1.16 $ 1.70 $ 1.66
Weighted average shares outstanding:        
Basic 128,186 133,564 129,231 133,597
Diluted 128,722 134,562 129,906 134,635
Dividends declared per common share outstanding $ 0.27 $ 0.24 $ 0.51 $ 0.44