August 27, 2011				August 28, 2010
ASSETS
Current Assets:
Cash and cash equivalents		$	95,959			$	121,191
Accounts receivable, net of allowance for doubtful accounts			266,545				221,013
Inventories			344,854				285,985
Prepaid expenses and other current assets			22,545				20,498
Deferred income taxes			28,531				27,849
Total current assets			758,434				676,536
Property, plant and equipment, net			148,813				143,609
Goodwill			277,431				271,765
Identifiable intangibles, net			48,308				48,751
Other assets			11,437				12,662
Total assets		$	1,244,423			$	1,153,323
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current maturities of long-term notes payable		$	---			$	39,361
Accounts payable			95,538				81,220
Accrued liabilities			76,664				69,704
Total current liabilities			172,202				190,285
Deferred income taxes and tax uncertainties			79,109				63,158
Total liabilities			251,311				253,443
Commitments and Contingencies
Shareholders’ Equity:
Preferred Stock			--				--
Class A common stock			51				48
Class B common stock			16				18
Additional paid-in capital			439,035				378,315
Retained earnings			775,149				675,968
Accumulated other comprehensive loss			(2,085	)			(2,660	)
Class A treasury stock, at cost			(219,054	)			(151,809	)
Total shareholders’ equity			993,112				899,880
Total liabilities and shareholders’ equity		$	1,244,423			$	1,153,323

 

 

 

 

 
 

		(Unaudited)
		Quarters Ended								Fiscal Years Ended
		August 27, 2011 (13 weeks)				August 28, 2010 (13 weeks)				August 27, 2011 (52 weeks)				August 28, 2010 (52 weeks)
Net sales		$	533,237			$	461,361			$	2,021,792			$	1,692,041
Cost of goods sold			287,866				254,038				1,080,867				925,102
Gross profit			245,371				207,323				940,925				766,939
Operating expenses			151,488				136,817				591,160				525,120
Income from operations			93,883				70,506				349,765				241,819
Other (Expense) Income:
Interest expense			(47	)			(147	)			(258	)			(1,140	)
Interest income			16				28				58				165
Other expense			(112	)			(47	)			(235	)			(16	)
Total other expense			(143	)			(166	)			(435	)			(991	)
Income before provision for income taxes			93,740				70,340				349,330				240,828
Provision for income taxes			34,289				26,283				130,544				90,455
Net income		$	59,451			$	44,057			$	218,786			$	150,373
Per Share Information:
Net income per common share:
Basic		$	0.93			$	0.70			$	3.45			$	2.39
Diluted		$	0.93			$	0.70			$	3.43			$	2.37
Weighted average shares used in computing net income per common share:
Basic			63,181				62,225				62,902				62,438
Diluted			63,546				62,643				63,324				62,930
Cash dividend declared per common share		$	0.22			$	0.22			$	1.88			$	0.82

 

 

 

		For the Fiscal Years Ended
		August 27, 2011 (52 weeks)				August 28, 2010 (52 weeks)
Cash Flows from Operating Activities:
Net income		$	218,786			$	150,373
Adjustments to reconcile net income to net cash     provided by operating activities:
Depreciation and amortization			29,159				26,049
Stock-based compensation			14,768				13,525
Loss on disposal of property, plant, and equipment			116				18
Provision for doubtful accounts			2,733				1,892
Deferred income taxes and tax uncertainties			15,270				6,456
Excess tax benefits from stock-based compensation			(7,356	)			(4,774	)
Changes in operating assets and liabilities, net of amounts associated with business acquired:
Accounts receivable			(38,304	)			(57,884	)
Inventories			(46,895	)			(39,748	)
Prepaid expenses and other current assets			(1,782	)			(3,359	)
Other assets			2,019				2,126
Accounts payable and accrued liabilities			21,448				55,183
Total adjustments			(8,824	)			(516	)
Net cash provided by operating activities			209,962				149,857
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment			(25,479	)			(30,304	)
Cash used in business acquisition, net of cash received			(28,948	)			--
Net cash used in investing activities			(54,427	)			(30,304	)
Cash Flows from Financing Activities:
Purchases of treasury stock			(69,279	)			(48,244	)
Payment of cash dividends			(119,257	)			(51,726	)
Excess tax benefits from stock-based compensation			7,356				4,774
Proceeds from sale of Class A common stock in connection with associate stock purchase plan			2,983				2,598
Proceeds from exercise of Class A common stock options			37,683				22,803
Paydown of the revolving credit line commitment from credit facility			--				(95,000	)
Credit facility financing costs			(938	)			--
Repayments of notes payable under the credit facility and other notes			(39,361	)			(59,109	)
Net cash used in financing activities			(180,813	)			(223,904	)
Effect of foreign exchange rate changes on cash and cash equivalents			46				(30	)
Net decrease in cash and cash equivalents			(25,232	)			(104,381	)
Cash and cash equivalents – beginning of period			121,191				225,572
Cash and cash equivalents – end of period		$	95,959			$	121,191
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes		$	109,001			$	77,682
Cash paid for interest		$	93			$	1,030