Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

v3.5.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Net sales $ 3,457,570 $ 3,500,569 $ 8,611,419 $ 8,614,974
Royalty income 30,656 29,057 87,010 91,402
Total revenues 3,488,226 3,529,626 8,698,429 8,706,376
Costs and operating expenses        
Cost of goods sold 1,800,748 1,844,441 4,505,930 4,513,331
Selling, general and administrative expenses 1,052,050 1,045,622 3,013,394 2,943,153
Total costs and operating expenses 2,852,798 2,890,063 7,519,324 7,456,484
Operating income 635,428 639,563 1,179,105 1,249,892
Interest income 2,195 1,506 6,393 5,499
Interest expense (24,783) (22,163) (70,449) (66,713)
Other income (expense), net (1,097) (1,278) 1,696 217
Income from continuing operations before income taxes 611,743 617,628 1,116,745 1,188,895
Income taxes 108,709 159,993 208,551 280,293
Income from continuing operations 503,034 457,635 908,194 908,602
Income (loss) from discontinued operations, net of tax (4,545) 2,229 (98,421) 10,782
Net income $ 498,489 $ 459,864 $ 809,773 $ 919,384
Earnings per common share - basic        
Continuing operations $ 1.22 $ 1.08 $ 2.18 $ 2.14
Discontinued operations (0.01)   (0.24) 0.02
Total earnings per common share - basic 1.21 1.08 1.94 2.16
Earnings per common share - diluted        
Continuing operations 1.20 1.06 2.14 2.10
Discontinued operations (0.01) 0.01 (0.23) 0.03
Total earnings per common share - diluted 1.19 1.07 1.91 2.13
Cash dividends per common share $ 0.37 $ 0.32 $ 1.11 $ 0.96