v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2023
Mar. 27, 2022
Income Statement [Abstract]    
NET SALES $ 900,100 $ 1,342,175
Cost of goods sold 705,856 1,046,830
GROSS PROFIT 194,244 295,345
Operating Expenses:    
Warehouse and delivery 35,845 41,169
Selling, general and administrative 82,401 75,560
Amortization of intangible assets 19,764 16,861
Total operating expenses 138,010 133,590
OPERATING INCOME 56,234 161,755
Interest expense, net 18,484 14,886
Income before income taxes 37,750 146,869
Income taxes 7,577 34,196
NET INCOME $ 30,173 $ 112,673
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.40 $ 5.00
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.35 $ 4.54
Weighted average shares outstanding - Basic (in shares) 21,591 22,517
Weighted average shares outstanding - Diluted (in shares) 22,512 24,882