CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 29, 2019 |
Jun. 30, 2018 |
Jun. 29, 2019 |
Jun. 30, 2018 |
|
| CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME | ||||
| NET SALES | $ 1,239,817 | $ 1,294,440 | $ 2,254,943 | $ 2,288,297 |
| COST OF GOODS SOLD | 1,053,091 | 1,128,751 | 1,913,950 | 1,991,719 |
| GROSS PROFIT | 186,726 | 165,689 | 340,993 | 296,578 |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 112,688 | 104,595 | 218,631 | 197,800 |
| NET (GAIN) LOSS ON DISPOSITION OF ASSETS | (199) | 477 | (321) | (6,057) |
| EARNINGS FROM OPERATIONS | 74,237 | 60,617 | 122,683 | 104,835 |
| INTEREST EXPENSE | 2,407 | 2,248 | 4,867 | 4,025 |
| INTEREST AND INVESTMENT INCOME | (682) | (181) | (2,275) | (898) |
| NET INTEREST EXPENSE | 1,725 | 2,067 | 2,592 | 3,127 |
| EARNINGS BEFORE INCOME TAXES | 72,512 | 58,550 | 120,091 | 101,708 |
| INCOME TAXES | 17,367 | 13,420 | 28,944 | 22,994 |
| NET EARNINGS | 55,145 | 45,130 | 91,147 | 78,714 |
| LESS NET EARNINGS ATTRIBUTABLE TO NONCONTROLLING INTEREST | (630) | (1,086) | (1,092) | (1,836) |
| NET EARNINGS ATTRIBUTABLE TO CONTROLLING INTEREST | $ 54,515 | $ 44,044 | $ 90,055 | $ 76,878 |
| EARNINGS PER SHARE - BASIC (USD per share) | $ 0.88 | $ 0.71 | $ 1.46 | $ 1.24 |
| EARNINGS PER SHARE - DILUTED (USD per share) | $ 0.88 | $ 0.71 | $ 1.46 | $ 1.24 |
| OTHER COMPREHENSIVE INCOME: | ||||
| NET EARNINGS | $ 55,145 | $ 45,130 | $ 91,147 | $ 78,714 |
| OTHER COMPREHENSIVE GAIN (LOSS) | 471 | (3,905) | 1,844 | (4,344) |
| COMPREHENSIVE INCOME | 55,616 | 41,225 | 92,991 | 74,370 |
| LESS COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | (791) | (119) | (1,477) | (1,713) |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $ 54,825 | $ 41,106 | $ 91,514 | $ 72,657 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|