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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Net sales $ 4,036,605 $ 4,032,853 $ 3,250,792
Cost of Sales 2,502,543 2,586,299 2,055,932
Gross profit 1,534,062 1,446,554 1,194,860
Selling, General and Administrative Expense 806,946 797,234 667,976
Restructuring Charges 14,134 9,716 7,655
Impairments 78,114 0 0
Merger termination fee 0 0 (110,000)
Gain on sale of plant 0 0 (763)
Income from operations [1] 634,868 639,604 629,992
Net interest expense and deferred financing amortization, net 120,348 88,977 57,157
Net Periodic Benefit Cost, Other Than Service Cost & Curtailment (9,071) (42,681) (45,066)
Other expense (income), net 4,213 28,893 (1,603)
Earnings before income taxes 519,378 564,415 619,504
Provision for income taxes 118,496 127,846 131,012
Net earnings $ 400,882 $ 436,569 $ 488,492
Net earnings per share:      
Basic (in usd per share) $ 7.48 $ 8.07 $ 8.85
Diluted (in usd per share) $ 7.41 $ 7.95 $ 8.62
Weighted average number of shares      
Basic (in shares) 53,577,000 54,095,000 55,216,000
Dilutive common stock equivalents (in shares) 509,000 852,000 1,449,000
Diluted (in shares) 54,086,000 54,947,000 56,665,000
[1] Restructuring expenses and impairments are included in operating income of the segment to which they pertain. See note 3(f) and 12 for further details