v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
NET SALES $ 1,016,624 $ 920,685 $ 1,950,116 $ 1,820,785
Cost of goods sold 785,330 710,717 1,513,967 1,416,573
GROSS PROFIT 231,294 209,968 436,149 404,212
Operating expenses:        
Warehouse and delivery 38,739 36,031 76,188 71,876
Selling, general and administrative 83,588 78,540 168,834 160,941
Amortization of intangible assets 24,278 19,822 47,096 39,586
Total operating expenses 146,605 134,393 292,118 272,403
OPERATING INCOME 84,689 75,575 144,031 131,809
Interest expense, net 20,343 18,260 40,433 36,744
Income before income taxes 64,346 57,315 103,598 95,065
Income taxes 16,462 14,958 20,621 22,535
NET INCOME $ 47,884 $ 42,357 $ 82,977 $ 72,530
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 2.20 $ 1.97 $ 3.83 $ 3.36
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 2.16 $ 1.94 $ 3.75 $ 3.28
Weighted average shares outstanding - Basic (in shares) 21,724 21,521 21,689 21,556
Weighted average shares outstanding - Diluted (in shares) 22,169 21,787 22,125 22,151

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