v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2023
Sep. 25, 2022
Oct. 01, 2023
Sep. 25, 2022
Income Statement [Abstract]        
NET SALES $ 866,073 $ 1,112,089 $ 2,686,858 $ 3,929,957
Cost of goods sold 666,954 875,638 2,083,527 3,071,057
GROSS PROFIT 199,119 236,451 603,331 858,900
Operating expenses:        
Warehouse and delivery 37,664 39,997 109,540 125,213
Selling, general and administrative 70,873 84,924 231,814 250,969
Amortization of intangible assets 19,507 18,769 59,093 54,175
Total operating expenses 128,044 143,690 400,447 430,357
OPERATING INCOME 71,075 92,761 202,884 428,543
Interest expense, net 16,879 15,302 53,623 44,990
Income before income taxes 54,196 77,459 149,261 383,553
Income taxes 14,646 18,640 37,181 95,537
NET INCOME $ 39,550 $ 58,819 $ 112,080 $ 288,016
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.84 $ 2.66 $ 5.20 $ 12.93
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.81 $ 2.43 $ 5.09 $ 11.78
Weighted average shares outstanding - Basic (in shares) 21,511 22,087 21,541 22,274
Weighted average shares outstanding - Diluted (in shares) 21,884 24,413 22,063 24,573

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