XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Sep. 26, 2015
Oct. 01, 2016
Sep. 26, 2015
Sales $ 5,936,092 $ 5,698,304 $ 17,382,370 $ 16,530,678
Costs and expenses:        
Cost of sales 5,162,930 4,955,937 15,061,519 14,334,394
Selling, general, and administrative expenses 510,017 497,876 1,534,534 1,457,160
Depreciation and amortization 40,194 40,941 121,516 117,854
Restructuring, integration, and other charges 24,267 17,756 61,161 51,099
Total Costs and Expenses 5,737,408 5,512,510 16,778,730 15,960,507
Operating income 198,684 185,794 603,640 570,171
Equity in earnings of affiliated companies 1,311 1,674 5,394 4,890
Gain on sale of investment 0 0 0 2,008
Interest and other financing expense, net 37,229 35,409 111,828 100,959
Other expense, net 0 0 0 4,443
Income before income taxes 162,766 152,059 497,206 471,667
Provision for income taxes 44,931 41,755 137,441 130,589
Consolidated net income 117,835 110,304 359,765 341,078
Noncontrolling interests 108 1,060 1,533 1,844
Net income attributable to shareholders $ 117,727 $ 109,244 $ 358,232 $ 339,234
Net income per share:        
Basic $ 1.29 $ 1.16 $ 3.92 $ 3.56
Diluted [1] $ 1.28 $ 1.15 $ 3.87 $ 3.52
Weighted-average shares outstanding:        
Basic 90,937 94,302 91,412 95,277
Diluted 91,938 95,363 92,487 96,302
[1] Stock-based compensation awards for the issuance of 824 and 821 shares for the third quarter and first nine months of 2016 and 759 and 656 shares for the third quarter and first nine months of 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.