Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.20.4
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 26, 2019
Dec. 27, 2018
Income Statement [Abstract]      
Net sales $ 2,425,788 $ 2,045,456 $ 1,709,848
Cost of sales 1,390,896 1,182,442 1,007,580
Gross profit 1,034,892 863,014 702,268
Operating expenses:      
Selling and store operating 654,100 546,853 439,495
General and administrative 144,715 132,386 105,327
Pre-opening 21,498 24,594 26,145
Total operating expenses 820,313 703,833 570,967
Operating income 214,579 159,181 131,301
Interest expense, net 8,389 8,801 8,917
Gain on early extinguishment of debt (1,015) 0 0
Income before income taxes 207,205 150,380 122,384
Provision (benefit) for income taxes 12,224 (251) 6,197
Net income 194,981 150,631 116,187
Change in fair value of hedge instruments, net of tax 357 (379) 391
Total comprehensive income $ 195,338 $ 150,252 $ 116,578
Basic earnings per share (in dollars per share) $ 1.90 $ 1.51 $ 1.20
Diluted earnings per share (in dollars per share) $ 1.84 $ 1.44 $ 1.11