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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Net sales $ 2,722,931 $ 2,335,542 $ 2,267,852
Cost of Sales 1,718,791 1,422,801 1,366,672
Gross profit 1,004,140 912,741 901,180
Selling, General and Administrative Expense 538,842 468,219 471,638
Restructuring Charges 19,332 19,951 10,524
Gain (Loss) on Disposition of Assets 0 (12,042) 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0 58,000 0
Income from operations [1] 445,966 378,613 [2],[3] 419,018
Net interest expense and deferred financing amortization, net 58,742 25,983 23,880
Net Periodic Benefit Cost, Other Components (38,114) (31,728) (27,207)
Other expense, net 1,825 829 1,040
Earnings before income taxes 423,513 383,529 421,305
Provision for income taxes 106,361 85,401 137,089
Net earnings $ 317,152 $ 298,128 $ 284,216
Net earnings per share:      
Basic (in usd per share) $ 5.71 $ 5.26 [4] $ 4.98
Diluted (in usd per share) $ 5.70 [4] $ 5.26 [4] $ 4.98
Weighted average number of shares      
Basic (in shares) 55,576,000 56,715,000 57,030,000
Dilutive common stock equivalents (in shares) 28,000 4,000 55,000
Diluted (in shares) 55,604,000 56,719,000 57,085,000
[1] Restructuring expenses are included in operating income of the segment to which they pertain. See note 13 for further details.
[2] Gain on sale of plant is included in Commercial Foodservice.
[3] Impairment of intangible assets is included in Residential Kitchen.
[4] Sum of quarters may not equal the total for the year due to changes in the number of shares outstanding during the year.