XML 31 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jan. 24, 2015
Jan. 25, 2014
Jan. 24, 2015
Jan. 25, 2014
Income Statement [Abstract]        
Net sales $ 1,063,312us-gaap_SalesRevenueNet $ 1,082,679us-gaap_SalesRevenueNet $ 3,226,166us-gaap_SalesRevenueNet $ 2,961,638us-gaap_SalesRevenueNet
Cost of sales 760,753us-gaap_CostOfRevenue 771,218us-gaap_CostOfRevenue 2,321,560us-gaap_CostOfRevenue 2,079,228us-gaap_CostOfRevenue
Gross profit 302,559us-gaap_GrossProfit 311,461us-gaap_GrossProfit 904,606us-gaap_GrossProfit 882,410us-gaap_GrossProfit
Operating expenses 211,803us-gaap_OperatingExpenses 214,810us-gaap_OperatingExpenses 637,875us-gaap_OperatingExpenses 629,255us-gaap_OperatingExpenses
Operating income 90,756us-gaap_OperatingIncomeLoss 96,651us-gaap_OperatingIncomeLoss 266,731us-gaap_OperatingIncomeLoss 253,155us-gaap_OperatingIncomeLoss
Other income and expense:        
Other income, net 318us-gaap_OtherNonoperatingIncomeExpense 527us-gaap_OtherNonoperatingIncomeExpense 2,580us-gaap_OtherNonoperatingIncomeExpense 1,215us-gaap_OtherNonoperatingIncomeExpense
Interest expense (8,513)us-gaap_InterestExpense (9,237)us-gaap_InterestExpense (25,825)us-gaap_InterestExpense (26,581)us-gaap_InterestExpense
Income before taxes 82,561us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 87,941us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 243,486us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 227,789us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes 27,885us-gaap_IncomeTaxExpenseBenefit 30,920us-gaap_IncomeTaxExpenseBenefit 84,743us-gaap_IncomeTaxExpenseBenefit 82,848us-gaap_IncomeTaxExpenseBenefit
Net income 54,676us-gaap_NetIncomeLoss 57,021us-gaap_NetIncomeLoss 158,743us-gaap_NetIncomeLoss 144,941us-gaap_NetIncomeLoss
Earnings per share:        
Basic $ 0.55us-gaap_EarningsPerShareBasic $ 0.56us-gaap_EarningsPerShareBasic $ 1.60us-gaap_EarningsPerShareBasic $ 1.43us-gaap_EarningsPerShareBasic
Diluted $ 0.55us-gaap_EarningsPerShareDiluted $ 0.56us-gaap_EarningsPerShareDiluted $ 1.59us-gaap_EarningsPerShareDiluted $ 1.42us-gaap_EarningsPerShareDiluted
Weighted average common shares:        
Basic 98,842us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 101,105us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 98,991us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 101,067us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 99,540us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 101,999us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 99,699us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 101,962us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per common share $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.16us-gaap_CommonStockDividendsPerShareDeclared $ 0.60us-gaap_CommonStockDividendsPerShareDeclared $ 0.48us-gaap_CommonStockDividendsPerShareDeclared
Comprehensive income        
Net income 54,676us-gaap_NetIncomeLoss 57,021us-gaap_NetIncomeLoss 158,743us-gaap_NetIncomeLoss 144,941us-gaap_NetIncomeLoss
Foreign currency translation (loss) gain (44,781)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 6,606us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (71,287)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 13,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Cash flow hedge loss (8,143)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (48)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (14,319)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax (145)us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
Comprehensive income $ 1,752us-gaap_ComprehensiveIncomeNetOfTax $ 63,579us-gaap_ComprehensiveIncomeNetOfTax $ 73,137us-gaap_ComprehensiveIncomeNetOfTax $ 157,796us-gaap_ComprehensiveIncomeNetOfTax