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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)

21. QUARTERLY RESULTS (unaudited)

The following summarizes the Company’s Fiscal 2016 quarterly financial data (net income for the fiscal quarter ended July 2, 2016 was impacted by the valuation allowance released in Fiscal 2016, $56,496 of which was released during the quarter - see Note 11):

 

     Fiscal Quarter Ended  
     April 2,
2016
     July 2,
2016
     October 1,
2016
     December 31,
2016
 
     13 Weeks      13 Weeks      13 Weeks      13 Weeks  

Net sales

   $ 394,495      $ 370,687      $ 393,654      $ 409,423  

Gross profit

     100,191        100,935        105,426        116,544  

Net income

     16,564        64,134        22,445        33,145  

Net income per common share

           

Basic

   $ 0.25      $ 0.97      $ 0.29      $ 0.42  

Weighted average shares outstanding—Basic

     66,025,281        65,836,860        74,878,851        77,664,944  

Diluted

   $ 0.25      $ 0.96      $ 0.29      $ 0.42  

Weighted average shares outstanding—Diluted

     66,880,841        66,837,810        74,878,851        77,667,330  

The following summarizes the Company’s Fiscal 2015 quarterly financial data:

 

     Fiscal Quarter Ended  
     April 4,
2015
     July 4,
2015
     October 3,
2015
     January 2,
2016
 
     13 Weeks      13 Weeks      13 Weeks      13 Weeks  

Net sales

   $ 426,509      $ 391,878      $ 407,170      $ 386,054  

Gross profit

     87,154        83,814        87,718        95,688  

Net income

     10,529        2,260        12,635        11,687  

Net income per common share

           

Basic

   $ 0.16      $ 0.03      $ 0.19      $ 0.18  

Weighted average shares outstanding—Basic

     65,145,051        65,269,159        65,334,001        65,653,641  

Diluted

   $ 0.16      $ 0.03      $ 0.19      $ 0.18  

Weighted average shares outstanding—Diluted

     66,258,254        66,617,909        66,847,945        66,557,204