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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Net sales $ 1,738,832 $ 1,595,215 $ 3,310,474 $ 2,999,573
Cost of sales 1,067,255 1,044,556 2,014,791 1,941,338
Gross profit 671,577 550,659 1,295,683 1,058,235
Selling, delivery and administrative expenses 437,907 403,366 855,959 779,957
Income from operations 233,670 147,293 439,724 278,278
Interest expense, net 1,353 7,146 4,282 14,845
Pension plan settlement expense 39,777 0 39,777 0
Other expense, net 27,788 6,199 71,711 2,920
Income before taxes 164,752 133,948 323,954 260,513
Income tax expense 42,433 34,386 83,508 67,561
Net income $ 122,319 $ 99,562 $ 240,446 $ 192,952
Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 13.05 $ 10.62 $ 25.65 $ 20.58
Weighted average number of Common Stock shares outstanding (in shares) 8,369 8,369 8,369 7,863
Diluted net income per share:        
Common Stock (in dollars per share) $ 13.02 $ 10.59 $ 25.59 $ 20.53
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,396 9,399 9,396 9,399
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.25 $ 4.00 $ 0.50
Class B Common Stock        
Basic net income per share:        
Common Stock (in dollars per share) $ 13.05 $ 10.62 $ 25.65 $ 20.62
Weighted average number of Common Stock shares outstanding (in shares) 1,005 1,005 1,005 1,511
Diluted net income per share:        
Common Stock (in dollars per share) $ 13.01 $ 10.59 $ 25.51 $ 20.56
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 1,027 1,030 1,027 1,536
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.50 $ 0.25 $ 4.00 $ 0.50