Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income (Unaudited)

v3.7.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 2,333,288 $ 2,294,762 $ 4,888,981 $ 4,901,744
Royalty income 26,293 25,704 52,277 53,139
Total revenues 2,359,581 2,320,466 4,941,258 4,954,883
Costs and operating expenses        
Cost of goods sold 1,187,011 1,185,247 2,473,696 2,535,947
Selling, general and administrative expenses 1,004,548 940,797 2,008,066 1,912,717
Total costs and operating expenses 2,191,559 2,126,044 4,481,762 4,448,664
Operating income 168,022 194,422 459,496 506,219
Interest income 3,583 2,236 7,101 4,244
Interest expense (24,190) (23,630) (47,896) (45,658)
Other income (expense), net (1,653) 1,501 (1,720) 2,793
Income from continuing operations before income taxes 145,762 174,529 416,981 467,598
Income taxes 30,897 38,036 87,437 89,170
Income from continuing operations 114,865 136,493 329,544 378,428
Loss from discontinued operations, net of tax (4,976) (85,478) (10,492) (67,144)
Net income $ 109,889 $ 51,015 $ 319,052 $ 311,284
Earnings (loss) per common share - basic        
Continuing operations (in USD per share) $ 0.29 $ 0.33 $ 0.81 $ 0.90
Discontinued operations (in USD per share) (0.01) (0.21) (0.03) (0.16)
Total earnings per common share - basic (in USD per share) 0.28 0.12 0.79 0.74
Earnings (loss) per common share - diluted        
Continuing operations (in USD per share) 0.29 0.32 0.81 0.89
Discontinued operations (in USD per share) (0.01) (0.20) (0.03) (0.16)
Total earnings per common share - diluted (in USD per share) 0.27 0.12 0.78 0.73
Cash dividends per common share (in USD per share) $ 0.42 $ 0.37 $ 0.84 $ 0.74