Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2019
Jun. 28, 2018
Jun. 27, 2019
Jun. 28, 2018
Income Statement [Abstract]        
Net Sales $ 520,311 $ 434,279 $ 997,361 $ 837,227
Revenue, Product and Service [Extensible List]     us-gaap:ProductMember  
Cost of sales 302,488 256,641 $ 578,164 494,203
Cost, Product and Service [Extensible List]     us-gaap:ProductMember  
Gross profit 217,823 177,638 $ 419,197 343,024
Operating expenses:        
Selling and store operating 134,643 108,626 262,026 211,193
General and administrative 30,916 25,179 61,118 48,518
Pre-opening 6,369 6,588 10,396 9,562
Total operating expenses 171,928 140,393 333,540 269,273
Operating income 45,895 37,245 85,657 73,751
Interest expense 2,223 2,145 5,144 3,929
Income before income taxes 43,672 35,100 80,513 69,822
Provision (benefit) for income taxes 76 (4,746) 6,197 (1,895)
Net income 43,596 39,846 74,316 71,717
Change in fair value of hedge instruments, net of tax, post-adoption (213)   (547)  
Change in fair value of hedge instruments, net of tax, pre-adoption   235   665
Total comprehensive income $ 43,383 $ 40,081 $ 73,769 $ 72,382
Basic earnings per share $ 0.44 $ 0.41 $ 0.76 $ 0.75
Diluted earnings per share $ 0.42 $ 0.38 $ 0.71 $ 0.68