CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
Jul. 15, 2023 |
Jul. 16, 2022 |
Jul. 15, 2023 |
Jul. 16, 2022 |
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| Income Statement [Abstract] | |||||
| Net sales | $ 2,312,394 | $ 2,273,890 | $ 5,219,788 | $ 5,037,548 | |
| Cost of sales | 1,960,012 | 1,919,647 | 4,420,740 | 4,232,722 | |
| Gross profit | 352,382 | 354,243 | 799,048 | 804,826 | |
| Operating expenses | |||||
| Selling, general and administrative | 318,795 | 338,867 | 736,991 | 761,049 | |
| Acquisition and integration | 55 | 436 | 129 | 675 | |
| Restructuring and asset impairment, net | (2,254) | 2,611 | 1,829 | 2,624 | |
| Total operating expenses | 316,596 | 341,914 | 738,949 | 764,348 | |
| Operating earnings | 35,786 | 12,329 | 60,099 | 40,478 | |
| Other expenses and (income) | |||||
| Interest expense , net | 9,349 | 4,528 | 20,938 | 8,713 | |
| Other, net | (685) | 600 | (1,724) | 384 | |
| Total other expenses, net | 8,664 | 5,128 | 19,214 | 9,097 | |
| Earnings before income taxes | 27,122 | 7,201 | 40,885 | 31,381 | |
| Income tax expense | 7,654 | 2,086 | 10,080 | 6,977 | |
| Net earnings | $ 19,468 | $ 5,115 | $ 30,805 | $ 24,404 | |
| Basic earnings per share: | |||||
| Earnings from continuing operations | $ 0.57 | $ 0.14 | $ 0.9 | $ 0.69 | |
| Net earnings | 0.57 | 0.14 | 0.9 | 0.69 | |
| Diluted earnings per share: | |||||
| Earnings from continuing operations | 0.56 | 0.14 | 0.88 | 0.67 | |
| Net earnings | $ 0.56 | $ 0.14 | $ 0.88 | $ 0.67 | |
| Weighted average shares outstandin Basic | 34,125 | 35,564 | 34,366 | 35,565 | |
| Weighted average shares outstanding Diluted | 34,641 | 36,528 | 35,116 | 36,470 | |
| X | ||||||||||
- Definition Weighted average number of shares outstanding basic including participating securities. No definition available.
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- Definition Weighted Average Number Of Shares Outstanding Diluted Including Participating Securities No definition available.
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- Definition Costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- 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
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- References No definition available.
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- 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/disclosureRef
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- References No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- 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://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during 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/disclosureRef
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- References No definition available.
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- 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
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- 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
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding 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
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- 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
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