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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Net sales $ 10,997,989 $ 10,106,321 $ 9,709,003
Cost of sales, including purchasing and warehousing costs 6,069,241 5,624,707 5,454,257
Gross profit 4,928,748 4,481,614 4,254,746
Selling, general and administrative expenses 4,090,031 3,731,707 3,577,566
Operating income 838,717 749,907 677,180
Other, net:      
Interest expense (37,791) (46,886) (39,898)
Loss on early redemptions of senior unsecured notes 0 (48,022) (10,756)
Other income (expense), net 4,999 (3,984) 11,220
Total other, net (32,792) (98,892) (39,434)
Income before provision for income taxes 805,925 651,015 637,746
Provision for income taxes 189,817 157,994 150,850
Net Income $ 616,108 $ 493,021 $ 486,896
Basic earnings per common share (in usd per share) $ 9.62 $ 7.17 $ 6.87
Weighted average common shares outstanding 64,028 68,748 70,869
Diluted earnings per common share (in usd per share) $ 9.55 $ 7.14 $ 6.84
Weighted average common shares outstanding 64,509 69,003 71,165