Quarterly Information (unaudited)

12 Months Ended

Dec. 29, 2018

Quarterly Financial Information Disclosure [Abstract]

(10) Quarterly Information (unaudited)

Following is a summary of the quarterly results of operations for 2018 and 2017. All quarters have 13 weeks.



	Quarter
	First		Second	Third	Fourth
	(Amounts are in thousands, except per share amounts)
2018
Revenues	$	9,345,807	8,826,003	8,858,101	9,365,807
Costs and expenses	8,511,850		8,183,211	8,274,949	8,681,305
Net earnings	680,271		616,172	677,744	406,980
Earnings per share	0.93		0.84	0.94	0.57
2017
Revenues	$	8,752,946	8,482,827	8,586,080	9,014,985
Costs and expenses	8,012,934		7,869,524	7,951,286	8,270,270
Net earnings	555,271		495,072	474,927	766,624
Earnings per share	0.73		0.65	0.63	1.04

Net earnings and earnings per share for the fourth quarter of 2018 were negatively impacted by the ASU requiring equity securities be measured at fair value with net unrealized gains and losses from changes in the fair value recognized in earnings. Excluding the impact of the ASU, net earnings would have been $660,308,000 or $0.92 per share.

During the fourth quarter of 2017, the Company recorded the remeasurement of deferred income taxes due to the Tax Act. Excluding the impact of the remeasurement, net earnings would have been $542,429,000 or $0.74 per share.