Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.19.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2019
Mar. 29, 2018
Income Statement [Abstract]    
Net Sales $ 477,050 $ 402,948
Type of Revenue [Extensible List] us-gaap:ProductMember  
Cost of sales $ 275,676 237,562
Type of Cost, Good or Service [Extensible List] us-gaap:ProductMember  
Gross profit $ 201,374 165,386
Operating expenses:    
Selling and store operating 127,383 102,567
General and administrative 30,202 23,339
Pre-opening 4,027 2,974
Total operating expenses 161,612 128,880
Operating income 39,762 36,506
Interest expense 2,921 1,784
Income before income taxes 36,841 34,722
Provision for income taxes 6,121 2,851
Net income 30,720 31,871
Change in fair value of hedge instruments, net of tax (334) 430
Total comprehensive income $ 30,386 $ 32,301
Basic earnings per share $ 0.31 $ 0.33
Diluted earnings per share $ 0.29 $ 0.30