Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2019
Sep. 27, 2018
Sep. 26, 2019
Sep. 27, 2018
Income Statement [Abstract]        
Net Sales $ 521,093 $ 435,882 $ 1,518,454 $ 1,273,109
Revenue, Product and Service [Extensible List]     us-gaap:ProductMember  
Cost of sales 307,305 257,656 $ 885,469 751,859
Cost, Product and Service [Extensible List]     us-gaap:ProductMember  
Gross profit 213,788 178,226 $ 632,985 521,250
Operating expenses:        
Selling and store operating 136,958 109,182 398,984 320,375
General and administrative 37,246 26,477 98,364 74,995
Pre-opening 8,184 8,330 18,580 17,892
Total operating expenses 182,388 143,989 515,928 413,262
Operating income 31,400 34,237 117,057 107,988
Interest expense 1,978 2,171 7,122 6,100
Income before income taxes 29,422 32,066 109,935 101,888
(Benefit) provision for income taxes (11,552) 5,498 (5,355) 3,603
Net income 40,974 26,568 115,290 98,285
Change in fair value of hedge instruments, net of tax, post-adoption 0   (547)  
Change in fair value of hedge instruments, net of tax, pre-adoption   131   796
Total comprehensive income $ 40,974 $ 26,699 $ 114,743 $ 99,081
Basic earnings per share $ 0.41 $ 0.27 $ 1.17 $ 1.02
Diluted earnings per share $ 0.39 $ 0.25 $ 1.10 $ 0.94