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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - 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]        
Net sales $ 2,353,782 $ 2,213,249 $ 4,176,002 $ 3,896,150
Cost of merchandise sold 1,533,037 1,443,835 2,740,273 2,563,087
Gross profit 820,745 769,414 1,435,729 1,333,063
Selling, general and administrative expenses 484,190 452,346 949,999 878,459
Depreciation and amortization 48,998 43,610 94,765 86,397
Operating income 287,557 273,458 390,965 368,207
Interest expense, net 5,176 4,978 10,106 9,446
Income before income taxes 282,381 268,480 380,859 358,761
Income tax expense 63,171 61,191 84,817 80,039
Net income $ 219,210 $ 207,289 $ 296,042 $ 278,722
Net income per share – basic $ 1.82 $ 1.70 $ 2.45 $ 2.26
Net income per share – diluted $ 1.80 $ 1.69 $ 2.43 $ 2.25
Weighted average shares outstanding:        
Basic 120,371 122,100 120,791 123,288
Diluted 121,508 122,775 121,830 123,975
Dividends declared per common share outstanding $ 0.35 $ 0.31 $ 0.66 $ 0.58