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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Net sales $ 2,335,542 $ 2,267,852 $ 1,826,598
Cost of Sales 1,422,801 1,366,672 1,120,093
Gross profit 912,741 901,180 706,505
Selling, General and Administrative Expense 436,491 444,431 375,148
Restructuring Charges 19,951 10,524 28,754
Gain (Loss) on Disposition of Assets (12,042) 0 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 58,000 0 0
Income from operations 410,341 446,225 302,603 [1]
Net interest expense and deferred financing amortization, net 25,983 23,880 16,967
Other expense, net 829 1,040 4,469
Earnings before income taxes 383,529 421,305 281,167
Provision for income taxes 85,401 137,089 89,557
Net earnings $ 298,128 $ 284,216 $ 191,610
Net earnings per share:      
Basic (in usd per share)   $ 4.98 [2] $ 3.36
Diluted (in usd per share) $ 5.26 $ 4.98 [2] $ 3.36
Weighted average number of shares      
Basic (in shares) 56,715,000 57,030,000 56,951,000
Dilutive common stock equivalents (in shares) 4,000 55,000 22,000
Diluted (in shares) 56,719,000 57,085,000 56,973,000
[1] Non-operating expenses are not allocated to the reportable segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2] Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.