Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Income

v3.8.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2017
Dec. 29, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 1,384,767 $ 1,050,759 $ 784,012
Cost of sales 812,203 621,497 471,390
Gross profit 572,564 429,262 312,622
Operating expenses:      
Selling and store operating 353,647 271,876 202,637
General and administrative 84,661 64,025 49,917
Pre-opening 16,485 13,732 7,380
Litigation settlement   10,500  
Executive severance     296
Total operating expenses 454,793 360,133 260,230
Operating income 117,771 69,129 52,392
Interest expense 13,777 12,803 9,386
Loss on early extinguishment of debt 5,442 1,813  
Income before income taxes 98,552 54,513 43,006
Provision for income taxes (4,236) 11,474 16,199
Net income $ 102,788 $ 43,039 $ 26,807
Basic earnings per share $ 1.13 $ 0.52 $ 0.32
Diluted earnings per share $ 1.03 $ 0.49 $ 0.31