XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Income Statement [Abstract]        
Net sales $ 1,205,680 $ 1,248,590 $ 2,431,956 $ 2,454,642
Cost of sales 963,667 1,008,274 1,944,690 1,993,936
Gross profit 242,013 240,316 487,266 460,706
Selling, general and administrative expenses 126,611 130,887 260,804 227,552
Restructuring/Asset impairment charges 23,278 10,445 32,506 10,086
Income before interest and income taxes 92,124 98,984 193,956 223,068
Interest expense 14,092 14,237 28,281 28,012
Interest income 548 636 950 1,190
Income before income taxes 78,580 85,383 166,625 196,246
Provision for income taxes 24,790 24,023 53,984 50,244
Income before equity in earnings of affiliates 53,790 61,360 112,641 146,002
Equity in earnings of affiliates, net of tax 2,928 3,269 4,267 4,315
Net income 56,718 64,629 116,908 150,317
Net (income) attributable to noncontrolling interests (466) (250) (742) (158)
Net income attributable to Sonoco $ 56,252 $ 64,379 $ 116,166 $ 150,159
Weighted average common shares outstanding:        
Basic (in shares) 101,281 101,428 101,514 101,406
Diluted (in shares) 101,873 102,424 102,148 102,362
Net income attributable to Sonoco:        
Basic (in usd per share) $ 0.56 $ 0.63 $ 1.14 $ 1.48
Diluted (in usd per share) 0.55 0.63 1.14 1.47
Cash dividends (usd per share) $ 0.37 $ 0.35 $ 0.72 $ 0.67