Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Income Statement [Abstract]        
Net revenues $ 3,198,235 $ 2,608,324 $ 5,392,792 $ 3,684,617
Costs and operating expenses        
Cost of goods sold 1,479,446 1,282,406 2,434,997 1,789,357
Selling, general and administrative expenses 1,160,303 1,005,970 2,196,425 1,822,121
Total costs and operating expenses 2,639,749 2,288,376 4,631,422 3,611,478
Operating income 558,486 319,948 761,370 73,139
Interest income 1,518 3,176 3,660 4,489
Interest expense (35,888) (34,107) (70,805) (63,369)
Other income (expense), net 7,549 4,644 16,590 (33,543)
Income (loss) from continuing operations before income taxes 531,665 293,661 710,815 (19,284)
Income tax expense 67,612 50,415 92,790 15,212
Income (loss) from continuing operations 464,053 243,246 618,025 (34,496)
Income from discontinued operations, net of tax 0 13,476 170,273 5,605
Net income (loss) $ 464,053 $ 256,722 $ 788,298 $ (28,891)
Earnings (loss) per common share - basic        
Continuing operations (in USD per share) $ 1.18 $ 0.62 $ 1.58 $ (0.09)
Discontinued operations (in USD per share) 0 0.03 0.43 0.01
Total earnings (loss) per common share - basic (in USD per share) 1.18 0.66 2.01 (0.07)
Earnings (loss) per common share - diluted        
Continuing operations (in USD per share) 1.18 0.62 1.57 (0.09)
Discontinued operations (in USD per share) 0 0.03 0.43 0.01
Total earnings (loss) per common share - diluted (in USD per share) $ 1.18 $ 0.66 $ 2.00 $ (0.07)
Weighted average shares outstanding        
Basic (in shares) 391,779 389,219 391,565 388,957
Diluted (in shares) 394,017 391,180 394,072 390,986