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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Sales $ 6,465,346 $ 5,972,101 $ 12,224,898 $ 11,446,278
Costs and expenses:        
Cost of sales 5,641,380 5,173,310 10,641,045 9,898,589
Selling, general, and administrative expenses 532,347 518,704 1,047,866 1,024,517
Depreciation and amortization 37,381 40,389 74,522 81,322
Restructuring, integration, and other charges 24,416 16,106 39,921 36,894
Total Costs and Expenses 6,235,524 5,748,509 11,803,354 11,041,322
Operating income 229,822 223,592 421,544 404,956
Equity in earnings of affiliated companies 724 2,227 1,649 4,083
Gain on sale of investment 750 0 750 0
Loss on extinguishment of debt 58,759 0 58,759 0
Interest and other financing expense, net 42,358 39,024 80,431 74,599
Income before income taxes 130,179 186,795 284,753 334,440
Provision for income taxes 29,575 51,457 68,799 92,510
Consolidated net income 100,604 135,338 215,954 241,930
Noncontrolling interests 925 1,068 2,507 1,425
Net income attributable to shareholders $ 99,679 $ 134,270 $ 213,447 $ 240,505
Net income per share:        
Basic $ 1.12 $ 1.46 $ 2.40 $ 2.62
Diluted [1] $ 1.11 $ 1.45 $ 2.37 $ 2.59
Weighted-average shares outstanding:        
Basic 88,876 91,782 89,079 91,647
Diluted 89,837 92,693 90,146 92,771
[1] Stock-based compensation awards for the issuance of 432 and 328 shares for the second quarter and first six months of 2017 and 848 and 987 shares for the second quarter and first six months 2016, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.