Patrick Industries, Inc
(NASDAQ:PATK)

Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, counterto...

Website: http://www.patrickind.com

Founded: 1959

Full Time Employees: 7,500

Sector: Consumer Cyclical

Industry: Recreational Vehicles

Consumer Cyclical

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At a glance:

Bull Thesis:

Bear Thesis:

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Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-09-25	2022-06-26	2022-03-27	2021-12-31	2021-09-26	2021-06-27	2021-03-28	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-09-24	2017-06-25	2017-03-26	2016-12-31	2016-09-25	2016-06-26	2016-03-27	2015-12-31	2015-09-27	2015-06-28	2015-03-29	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-09-25	2011-06-26	2011-03-27	2010-12-31	2010-09-26	2010-06-27	2010-03-28	2009-12-31	2009-09-27	2009-06-28	2009-03-29	2008-12-31	2006-12-31

net sales	997,172,000	924,168,000	975,631,000	1,047,554,000	1,003,420,000	846,123,000	919,444,000	1,016,624,000	933,492,000	781,187,000	866,073,000	920,685,000	900,100,000	951,915,000	1,112,089,000	1,475,693,000	1,342,175,000	1,147,479,000	1,060,177,000	1,019,953,000	850,483,000	772,613,000	700,707,000	424,045,000	589,232,000	549,460,000	566,186,000	613,218,000	608,218,000	531,211,000	575,139,000	604,879,000	551,832,000	475,570,000	407,511,000	407,145,000	345,427,000	323,936,000	304,151,000	315,163,000	278,637,000	248,659,000	214,805,000	233,481,000	223,388,000	189,574,000	188,138,000	187,855,000	170,150,000	146,612,000	146,623,000	159,576,000	142,120,000	106,128,000	112,946,000	115,605,000	102,688,000	78,278,000	77,439,000	82,620,000	69,485,000	58,082,000	72,785,000	83,865,000	63,500,000		100	100	100
yoy	-0.62%	9.22%	6.11%	3.04%	7.49%	8.31%	6.16%	10.42%	3.71%	-17.94%	-22.12%	-37.61%	-32.94%	-17.04%	4.90%	44.68%	57.81%	48.52%	51.30%	140.53%	44.34%	40.61%	23.76%	-30.85%	-3.12%	3.44%	-1.56%	1.38%	10.22%	11.70%	41.13%	48.57%	59.75%	46.81%	33.98%	29.19%	23.97%	30.27%	41.59%	34.98%	24.73%	31.17%	14.17%	24.29%	31.29%	29.30%	28.31%	17.72%	19.72%	38.15%	29.82%	38.04%	38.40%	35.58%	45.85%	39.92%	47.78%	34.77%	6.39%	-1.48%	9.43%		72784900.00%	83864900.00%	63499900.00%
qoq	7.90%	-5.27%	-6.87%	4.40%	18.59%	-7.97%	-9.56%	8.91%	19.50%	-9.80%	-5.93%	2.29%	-5.44%	-14.40%	-24.64%	9.95%	16.97%	8.23%	3.94%	19.93%	10.08%	10.26%	65.24%	-28.03%	7.24%	-2.95%	-7.67%	0.82%	14.50%	-7.64%	-4.92%	9.61%	16.04%	16.70%	0.09%	17.87%	6.63%	6.50%	-3.49%	13.11%	12.06%	15.76%	-8.00%	4.52%	17.84%	0.76%	0.15%	10.41%	16.05%	-0.01%	-8.12%	12.28%	33.91%	-6.04%	-2.30%	12.58%	31.18%	1.08%	-6.27%	18.90%	19.63%	-20.20%	-13.21%	32.07%			0.00%	0.00%
cost of goods sold	770,312,000	711,495,000	754,667,000	796,922,000	774,829,000	658,896,000	706,930,000	785,330,000	728,637,000	602,285,000	666,954,000	710,717,000	705,856,000	750,877,000	875,638,000	1,148,589,000	1,046,830,000	920,455,000	852,016,000	815,476,000	688,951,000	630,295,000	567,210,000	350,324,000	479,751,000	450,133,000	461,851,000	500,557,000	501,670,000	434,546,000	468,484,000	490,087,000	454,078,000	394,887,000	338,328,000	335,645,000	287,878,000	270,955,000	255,299,000	259,879,000	233,285,000	207,208,000	179,764,000	193,088,000	187,994,000	160,065,000	158,110,000	156,036,000	143,003,000	125,008,000	124,800,000	134,416,000	119,684,000	91,560,000	96,043,000	97,766,000	86,254,000	67,068,000	64,248,000	70,603,000	61,595,000	52,422,000	65,021,000	74,129,000	57,022,000		87.3	89	92
gross profit	226,860,000	212,673,000	220,964,000	250,632,000	228,591,000	187,227,000	212,514,000	231,294,000	204,855,000	178,902,000	199,119,000	209,968,000	194,244,000	201,038,000	236,451,000	327,104,000	295,345,000	227,024,000	208,161,000	204,477,000	161,532,000	142,318,000	133,497,000	73,721,000	109,481,000	99,327,000	104,335,000	112,661,000	106,548,000	96,665,000	106,655,000	114,792,000	97,754,000	80,683,000	69,183,000	71,500,000	57,549,000	52,981,000	48,852,000	55,284,000	45,352,000	41,451,000	35,041,000	40,393,000	35,394,000	29,509,000	30,028,000	31,819,000	27,147,000	21,604,000	21,823,000	25,160,000	22,436,000	14,568,000	16,903,000	17,839,000	16,434,000	11,210,000	13,191,000	12,017,000	7,890,000	5,660,000	7,764,000	9,736,000	6,478,000		12.7	11	8
yoy	-0.76%	13.59%	3.98%	8.36%	11.59%	4.65%	6.73%	10.16%	5.46%	-11.01%	-15.79%	-35.81%	-34.23%	-11.45%	13.59%	59.97%	82.84%	59.52%	55.93%	177.37%	47.54%	43.28%	27.95%	-34.56%	2.75%	2.75%	-2.18%	-1.86%	9.00%	19.81%	54.16%	60.55%	69.86%	52.29%	41.62%	29.33%	26.89%	27.82%	39.41%	36.87%	28.13%	40.47%	16.69%	26.95%	30.38%	36.59%	37.60%	26.47%	21.00%	48.30%	29.11%	41.04%	36.52%	29.96%	28.14%	48.45%	108.29%	98.06%	69.90%	23.43%	21.80%		61133758.27%	88508990.91%	80974900.00%
qoq	6.67%	-3.75%	-11.84%	9.64%	22.09%	-11.90%	-8.12%	12.91%	14.51%	-10.15%	-5.17%	8.09%	-3.38%	-14.98%	-27.71%	10.75%	30.09%	9.06%	1.80%	26.59%	13.50%	6.61%	81.08%	-32.66%	10.22%	-4.80%	-7.39%	5.74%	10.22%	-9.37%	-7.09%	17.43%	21.16%	16.62%	-3.24%	24.24%	8.62%	8.45%	-11.63%	21.90%	9.41%	18.29%	-13.25%	14.12%	19.94%	-1.73%	-5.63%	17.21%	25.66%	-1.00%	-13.26%	12.14%	54.01%	-13.81%	-5.25%	8.55%	46.60%	-15.02%	9.77%	52.31%	39.40%	-27.10%	-20.25%	50.29%			15.45%	37.50%
gross margin %	22.75%	23.01%	22.65%	23.93%	22.78%	22.13%	23.11%	22.75%	21.95%	22.90%	22.99%	22.81%	21.58%	21.12%	21.26%	22.17%	22.00%	19.78%	19.63%	20.05%	18.99%	18.42%	19.05%	17.39%	18.58%	18.08%	18.43%	18.37%	17.52%	18.20%	18.54%	18.98%	17.71%	16.97%	16.98%	17.56%	16.66%	16.36%	16.06%	17.54%	16.28%	16.67%	16.31%	17.30%	15.84%	15.57%	15.96%	16.94%	15.95%	14.74%	14.88%	15.77%	15.79%	13.73%	14.97%	15.43%	16.00%	14.32%	17.03%	14.54%	11.35%	9.74%	10.67%	11.61%	10.20%	NaN%	12.70%	11.00%	8.00%
operating expenses:
warehouse and delivery	45,032,000	42,863,000	44,449,000	46,075,000	44,582,000	41,768,000	37,865,000	38,739,000	37,449,000	34,381,000	37,664,000	36,031,000	35,845,000	37,813,000	39,997,000	44,047,000	41,169,000	38,993,000	35,885,000	34,815,000	29,913,000	28,196,000	25,263,000	20,209,000	24,732,000	23,827,000	23,917,000	26,270,000	24,041,000	19,456,000	19,789,000	18,723,000	17,028,000	14,463,000	11,016,000	11,083,000	10,343,000	9,932,000	9,165,000	9,285,000	7,699,000	6,952,000	6,669,000	6,826,000	6,659,000			6,659,000	6,112,000	5,619,000	5,293,000	4,710,000	4,536,000	4,041,000	4,086,000	3,981,000	3,674,000	3,490,000	3,537,000	3,505,000	3,113,000	2,815,000	3,110,000	3,140,000	2,634,000		4.5	4.5
selling, general and administrative	93,096,000	88,429,000	86,022,000	93,206,000	93,931,000	81,137,000	75,783,000	83,588,000	85,246,000	67,604,000	70,873,000	78,540,000	82,401,000	76,544,000	84,924,000	90,485,000	75,560,000	77,705,000	64,245,000	60,365,000	51,232,000	40,695,000	38,184,000	31,628,000	35,869,000	30,063,000	33,817,000	32,894,000	37,692,000	29,243,000	33,284,000	33,874,000	31,841,000	26,981,000	22,756,000	21,893,000	19,106,000	17,309,000	15,877,000	14,764,000	14,233,000	12,874,000	10,805,000	11,219,000	11,519,000			8,765,000	8,500,000	6,568,000	7,001,000	7,441,000	6,969,000	5,381,000	5,398,000	5,940,000	4,918,000	4,446,000	4,226,000	4,074,000	3,857,000	2,645,000	3,785,000	3,599,000	3,806,000
amortization of intangible assets	24,010,000	23,976,000	24,200,000	24,629,000	24,509,000	24,730,000	24,449,000	24,278,000	22,818,000	19,601,000	19,507,000	19,822,000	19,764,000	19,054,000	18,769,000	18,545,000	16,861,000	15,634,000	14,758,000	14,031,000	11,906,000	11,268,000	10,221,000	9,778,000	9,601,000	9,460,000	9,191,000	8,268,000	8,989,000	9,073,000	8,873,000	9,140,000	7,127,000	5,135,000	5,237,000	4,817,000	4,185,000	3,688,000	3,687,000	3,225,000	2,768,000	2,792,000	2,354,000	1,982,000	1,659,000	1,441,000	1,408,000	841,000	787,000	783,000	548,000	521,000	519,000	531,000	342,000	334,000	316,000	291,000	195,000	171,000	172,000	187,000	125,000	126,000	126,000		0.1	0.2	0.2
total operating expenses	162,138,000	155,268,000	154,671,000	163,910,000	163,022,000	147,635,000	138,097,000	146,605,000	145,513,000	121,586,000	128,044,000	134,393,000	138,010,000	133,411,000	143,690,000	153,077,000	133,590,000	132,332,000	114,888,000	109,211,000	93,051,000	80,159,000	73,668,000	61,615,000	70,202,000	63,350,000	66,925,000	67,432,000	70,722,000	57,772,000	61,946,000	61,737,000	55,996,000	46,579,000	39,009,000	37,793,000	33,634,000	30,882,000	28,735,000	27,277,000	24,738,000	22,669,000	19,839,000	20,022,000	19,831,000	17,806,000	17,538,000	16,302,000	15,386,000	12,964,000	12,848,000	12,246,000	12,020,000	9,952,000	9,592,000	10,252,000	8,908,000	8,246,000	7,947,000	7,522,000	7,118,000	5,575,000	7,046,000	6,836,000	3,775,000
operating income	64,722,000	57,405,000	66,293,000	86,722,000	65,569,000	39,592,000	74,417,000	84,689,000	59,342,000	57,316,000	71,075,000	75,575,000	56,234,000	67,627,000	92,761,000	174,027,000	161,755,000	94,692,000	93,273,000	95,266,000	68,481,000	62,159,000	59,829,000	12,106,000	39,279,000	35,977,000	37,410,000	45,229,000	35,826,000	38,893,000	44,709,000	53,055,000	41,758,000	34,104,000	30,174,000	33,707,000	23,915,000	22,099,000	20,117,000	28,007,000	20,614,000	18,782,000	15,202,000	20,371,000	15,563,000	11,703,000	12,490,000	15,517,000	11,761,000	8,640,000	8,975,000	12,914,000	10,416,000	4,616,000	7,311,000	7,587,000	7,526,000	2,964,000	5,244,000	4,495,000	772,000	85,000	718,000	2,900,000	2,703,000		2.9	1	-6.3
yoy	-1.29%	44.99%	-10.92%	2.40%	10.49%	-30.92%	4.70%	12.06%	5.53%	-15.25%	-23.38%	-56.57%	-65.24%	-28.58%	-0.55%	82.67%	136.20%	52.34%	55.90%	686.93%	74.35%	72.77%	59.93%	-73.23%	9.64%	-7.50%	-16.33%	-14.75%	-14.21%	14.04%	48.17%	57.40%	74.61%	54.32%	49.99%	20.35%	16.01%	17.66%	32.33%	37.48%	32.46%	60.49%	21.71%	31.28%	32.33%	35.45%	39.16%	20.16%	12.91%	87.18%	22.76%	70.21%	38.40%	55.74%	39.42%	68.79%	874.87%	3387.06%	630.36%	55.00%	-71.44%		24758520.69%	289999900.00%	-42904861.90%
qoq	12.75%	-13.41%	-23.56%	32.26%	65.61%	-46.80%	-12.13%	42.71%	3.53%	-19.36%	-5.95%	34.39%	-16.85%	-27.10%	-46.70%	7.59%	70.82%	1.52%	-2.09%	39.11%	10.17%	3.89%	394.21%	-69.18%	9.18%	-3.83%	-17.29%	26.25%	-7.89%	-13.01%	-15.73%	27.05%	22.44%	13.02%	-10.48%	40.95%	8.22%	9.85%	-28.17%	35.86%	9.75%	23.55%	-25.37%	30.89%	32.98%	-6.30%	-19.51%	31.94%	36.12%	-3.73%	-30.50%	23.98%	125.65%	-36.86%	-3.64%	0.81%	153.91%	-43.48%	16.66%	482.25%	808.24%	-88.16%	-75.24%	7.29%			190.00%	-115.87%
operating margin %	6.49%	6.21%	6.79%	8.28%	6.53%	4.68%	8.09%	8.33%	6.36%	7.34%	8.21%	8.21%	6.25%	7.10%	8.34%	11.79%	12.05%	8.25%	8.80%	9.34%	8.05%	8.05%	8.54%	2.85%	6.67%	6.55%	6.61%	7.38%	5.89%	7.32%	7.77%	8.77%	7.57%	7.17%	7.40%	8.28%	6.92%	6.82%	6.61%	8.89%	7.40%	7.55%	7.08%	8.72%	6.97%	6.17%	6.64%	8.26%	6.91%	5.89%	6.12%	8.09%	7.33%	4.35%	6.47%	6.56%	7.33%	3.79%	6.77%	5.44%	1.11%	0.15%	0.99%	3.46%	4.26%	NaN%	2.90%	1.00%	-6.30%
interest expense	18,388,000	18,075,000	18,451,000	18,869,000	19,112,000	18,987,000	20,050,000	20,343,000	20,090,000	15,319,000	16,879,000	18,260,000	18,484,000	15,770,000	15,302,000	14,802,000	14,886,000	16,695,000	15,436,000	14,580,000	11,179,000	11,181,000	10,507,000	10,821,000	10,492,000	10,394,000	8,603,000	8,636,000	8,983,000	8,456,000	7,338,000	6,264,000	4,378,000	2,631,000	2,135,000	2,010,000	2,014,000	1,987,000	1,917,000	1,632,000	1,649,000	1,464,000	1,153,000	898,000	804,000	643,000	694,000	507,000	549,000	556,000	541,000	522,000	552,000	1,572,000	830,000	790,000	845,000	880,000	777,000	1,075,000	1,737,000	1,174,000	1,474,000	1,363,000	1,511,000		2.7	2.9	4.1
income before income taxes	46,334,000	39,330,000	47,842,000	43,433,000	46,457,000	20,605,000	54,367,000	64,346,000	39,252,000	41,997,000	54,196,000	57,315,000	37,750,000	51,857,000	77,459,000	159,225,000	146,869,000	77,997,000	77,837,000	80,686,000	57,302,000	50,978,000	49,322,000	1,285,000	28,787,000	25,583,000	28,807,000	36,593,000	26,843,000	30,437,000	37,371,000	46,791,000	37,380,000	31,473,000	28,039,000	31,697,000	21,901,000	20,112,000	18,200,000	26,375,000	18,965,000	17,318,000	14,049,000	19,473,000	14,759,000	11,060,000	11,796,000	15,010,000	11,212,000	8,084,000	8,434,000	12,392,000	9,864,000				5,011,000	1,749,500	4,536,000	3,697,000	-1,235,000
income taxes	6,854,000	10,251,000	12,539,000	10,997,000	8,219,000	6,047,000	13,501,000	16,462,000	4,159,000	11,180,000	14,646,000	14,958,000	7,577,000	11,677,000	18,640,000	42,701,000	34,196,000	16,977,000	20,440,000	21,701,000	9,789,000	13,154,000	11,986,000	571,000	7,600,000	5,599,000	7,490,000	9,177,000	5,994,000	3,467,000	9,437,000	11,931,000	7,312,000	2,427,000	10,094,000	10,437,000	4,434,000	5,296,000	6,175,000	9,672,000	6,932,000	5,282,000	5,089,000	7,400,000	5,609,000	3,767,000	4,542,000	5,779,000	4,316,000	3,072,000	2,982,000	4,835,000	3,845,000
net income	39,480,000	29,079,000	35,303,000	32,436,000	38,238,000	14,558,000	40,866,000	47,884,000	35,093,000	30,817,000	39,550,000	42,357,000	30,173,000	40,180,000	58,819,000	116,524,000	112,673,000	61,020,000	57,397,000	58,985,000	47,513,000	37,824,000	37,336,000	714,000	21,187,000	19,984,000	21,317,000	27,416,000	20,849,000	26,970,000	27,934,000	34,860,000	30,068,000	29,046,000	17,945,000	21,260,000	17,467,000	14,816,000	12,025,000	16,703,000	12,033,000	12,036,000	8,960,000	12,073,000	9,150,000	7,293,000	7,254,000	9,231,000	6,896,000	5,012,000	5,452,000	7,557,000	6,019,000	3,217,000	6,554,000	13,313,000	5,011,000	1,472,000	4,536,000	3,697,000	-1,235,000	-939,000	-629,000	1,884,000	910,000
yoy	3.25%	99.75%	-13.61%	-32.26%	8.96%	-52.76%	3.33%	13.05%	16.31%	-23.30%	-32.76%	-63.65%	-73.22%	-34.15%	2.48%	97.55%	137.14%	61.33%	53.73%	8161.20%	124.26%	89.27%	75.15%	-97.40%	1.62%	-25.90%	-23.69%	-21.35%	-30.66%	-7.15%	55.66%	63.97%	72.14%	96.04%	49.23%	27.28%	45.16%	23.10%	34.21%	38.35%	31.51%	65.03%	23.52%	30.79%	32.69%	45.51%	33.05%	22.15%	14.57%	55.80%	-16.81%	-43.24%	20.12%	118.55%	44.49%	260.10%	-505.75%	-256.76%	-821.14%	96.23%	-235.71%
qoq	35.77%	-17.63%	8.84%	-15.17%	162.66%	-64.38%	-14.66%	36.45%	13.88%	-22.08%	-6.63%	40.38%	-24.91%	-31.69%	-49.52%	3.42%	84.65%	6.31%	-2.69%	24.14%	25.62%	1.31%	5129.13%	-96.63%	6.02%	-6.25%	-22.25%	31.50%	-22.70%	-3.45%	-19.87%	15.94%	3.52%	61.86%	-15.59%	21.72%	17.89%	23.21%	-28.01%	38.81%	-0.02%	34.33%	-25.78%	31.95%	25.46%	0.54%	-21.42%	33.86%	37.59%	-8.07%	-27.85%	25.55%	87.10%	-50.92%	-50.77%	165.68%	240.42%	-67.55%	22.69%	-399.35%	31.52%	49.28%	-133.39%	107.03%
net income margin %	3.96%	3.15%	3.62%	3.10%	3.81%	1.72%	4.44%	4.71%	3.76%	3.94%	4.57%	4.60%	3.35%	4.22%	5.29%	7.90%	8.39%	5.32%	5.41%	5.78%	5.59%	4.90%	5.33%	0.17%	3.60%	3.64%	3.77%	4.47%	3.43%	5.08%	4.86%	5.76%	5.45%	6.11%	4.40%	5.22%	5.06%	4.57%	3.95%	5.30%	4.32%	4.84%	4.17%	5.17%	4.10%	3.85%	3.86%	4.91%	4.05%	3.42%	3.72%	4.74%	4.24%	3.03%	5.80%	11.52%	4.88%	1.88%	5.86%	4.47%	-1.78%	-1.62%	-0.86%	2.25%	1.43%	NaN%	0%	0%	0%
basic earnings per common share	1,210	900	1,090	1,000	1,170	-1,460	1,880	2,200	1,620	1,440	1,840	1,970	1,400
diluted earnings per common share	1,100	820	1,010	960	1,110	-1,440	1,800	2,160	1,590	1,410	1,810	1,940	1,350
weighted-average shares outstanding – basic	32,494,000		32,381,000	32,520,000	32,671,000		21,740,000	21,724,000	21,653,000		21,511,000	21,521,000	21,591,000		22,087,000	22,230,000	22,517,000		22,789,000	22,948,000	22,737,000		22,674,000	22,667,000	23,016,000		23,076,000																							10,733,000				10,558,000				9,757,000				9,351,000	9,401,000
weighted-average shares outstanding – diluted	36,047,000		35,081,000	33,823,000	34,416,000		22,641,000	22,169,000	22,080,000		21,884,000	21,787,000	22,512,000		24,413,000	24,444,000	24,882,000		23,403,000	23,435,000	23,286,000		23,072,000	22,932,000	23,267,000		23,273,000																							10,786,000				10,637,000				10,156,000				9,863,000
other expenses				24,420,000
see accompanying notes to condensed consolidated financial statements.
basic net income per common share														3,232.5	2,660	5,240	5,000	2,690	2,520	2,570	2,090	1,670	1,650	30	920	860	920	1,190	900	1,170	1,170	1,440	1,220	10	1,090	1,300	1,150	980	800	1,110	810	790	580	790	900	690	680	860	640	470	510	700	550	280	610	1,260	490	180	460	380	-130
diluted net income per common share														2,945	2,430	4,790	4,540	2,620	2,450	2,520	2,040	1,630	1,620	30	910	860	920	1,180	900	1,160	1,150	1,420	1,200	10	1,080	1,280	1,120	960	790	1,100	800	770	580	780	890	690	680	860	640	470	510	700	550	320	600	1,220	470	170	440	360	-130
weighted-average shares outstanding - basic		32,488,000				32,568,000				21,519,000				22,140,000				22,780,000				22,730,000				23,058,000		23,102,000	23,039,000	23,995,000	23,894,000	24,202,000	24,740,000	24,230,000	16,442,000	16,400,000	15,238,000	15,013,000	15,048,000	15,008,000	14,948,000	15,323,000	15,342,000	15,312,000		10,634,000	10,657,000	10,707,000	10,702,000		10,655,000	10,720,000	10,904,000		10,673,000	10,526,000	10,219,000		9,865,000	9,697,000	9,452,000				9,270,000
weighted-average shares outstanding - diluted		34,637,000				33,699,000				22,025,000				24,471,000				23,355,000				23,087,000				23,280,000		23,316,000	23,248,000	24,317,000	24,232,000	24,515,000	25,110,000	24,643,000	16,688,000	16,660,000	15,549,000	15,264,000	15,235,000	15,176,000	15,130,000	15,503,000				10,693,000			10,815,000
net income per common share and weighted-average shares outstanding, on both a basic and diluted basis, for the third quarter and nine months ended september 24, 2017, have been retroactively adjusted to reflect the impact of the three-for-two stock split paid on december 8, 2017. see accompanying notes to condensed consolidated financial statements.
net income per common share and weighted-average shares outstanding, on both a basic and diluted basis, for the second quarter and six months ended june 25, 2017, have been retroactively adjusted to reflect the impact of the three-for-two stock split paid on december 8, 2017. see accompanying notes to condensed consolidated financial statements.
net income per common share and weighted-average shares outstanding, on both a basic and diluted basis, for the first quarter ended march 26, 2017, have been retroactively adjusted to reflect the impact of the three-for-two stock split paid on december 8, 2017.
loss on sale of fixed assets																																						11,750	6,000	3,000	38,000		11,000	-5,000		-6,750	-51,000	37,000														-698,500	26,000
- diluted																																										3,876,750	15,532,000	15,513,000	10,318,000	2,686,000	10,720,000	10,761,000		2,700,000	10,697,000	10,762,000	10,985,000	2,676,250	10,909,000	10,921,000	10,707,000	2,557,500	10,387,000	10,185,000	9,452,000			9,912,000	9,852,000
gain on sale of fixed assets																																													-6,000				-13,000			-426,000	-4,000								-24,000			-29,000	-2,791,000
weighted-average shares outstanding
- basic																																													10,218,000
warehouse & delivery																																														4,903,250	6,842,000
selling, general & administrative																																														6,651,000	9,339,000
loss on sale of fixed assets & acquisition of business																																																		-106,000	6,000
stock warrants revaluation																																																							-73,000	134,000	1,670,000	775,000	-69,000	-277,000	270,000	-69,000	-127,000	-347,000	282,000		1.6	0.8
gain on sale of fixed assets and acquisition of business																																																						-1,000	-234,000					-228,000
income before income tax credit																																																						3,044,000	6,554,000	6,663,000
income tax credit																																																						-173,000
loss on sale of fixed assets and acquisition of business																																																										-65,750	-11,000
income from continuing operations before income tax benefit																																																														-1,020,000	-629,000		910,000
income tax benefit
income from continuing operations																																																														-939,000	-629,000		910,000		-1.4	-2.7	-10.3
income from discontinued operations
income from discontinued operations, net of tax
basic net income per common share:
continuing operations																																																														-100	-70	200	100
discontinued operations
diluted net income per common share:
weighted-average shares outstanding – basic	32,494,000		32,381,000	32,520,000	32,671,000		21,740,000	21,724,000	21,653,000		21,511,000	21,521,000	21,591,000		22,087,000	22,230,000	22,517,000		22,789,000	22,948,000	22,737,000		22,674,000	22,667,000	23,016,000		23,076,000																							10,733,000				10,558,000				9,757,000				9,351,000	9,401,000
diluted																																																														2,467,250	9,401,000
income (loss) from continuing operations before income tax benefit																																																																1,884,000
income (loss) from continuing operations																																																																1,884,000
weighted average shares outstanding - basic																																																																9,331,000
restructuring charges																																																																			-0.1
selling, general and administrative expenses																																																																			5.2	5.3
warehouse and delivery expenses																																																																					6
selling, general, and administrative expenses																																																																					8.1
other income																																																																					-0.1

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-09-25	2022-06-26	2022-03-27	2021-12-31	2021-09-26	2021-06-27	2021-03-28	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-09-24	2017-06-25	2017-03-26	2016-12-31	2016-09-25	2016-06-26	2016-03-27	2015-12-31	2015-09-27	2015-06-28	2015-03-29	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-09-25	2011-06-26	2011-03-27	2010-12-31	2010-09-26	2010-06-27	2010-03-28	2009-12-31	2009-09-27	2009-06-28	2008-12-31

assets
current assets:
cash and cash equivalents	37,472,000	26,432,000	20,698,000	21,974,000	86,561,000	33,561,000	52,606,000	43,960,000	17,610,000	11,409,000	16,450,000	33,911,000	30,783,000	22,847,000	53,269,000	77,025,000	63,846,000	122,849,000	44,882,000	58,402,000	6,171,000	44,767,000	62,347,000	111,062,000	94,523,000	139,390,000	116,712,000	23,572,000	8,454,000	6,895,000	306,000	104,000	71,000	2,767,000	6,371,000	11,606,000	10,919,000	6,449,000	1,477,000	35,000	10,659,000	87,000	1,410,000	6,606,000	69,000	123,000	2,712,000	3,323,000	23,000	34,000	10,510,000	5,378,000	1,455,000	434,000	888,000	1,395,000	1,244,000	550,000	240,000	706,000	4,850,000	1,957,000	903,000	352,000	154,000	60,000	271,000	900,000	2,672,000
trade and other receivables	285,379,000	185,405,000	278,374,000	270,135,000	289,059,000	178,206,000	255,369,000	252,106,000	278,337,000	163,838,000	240,850,000	206,777,000	256,440,000	172,890,000	285,734,000	355,352,000	354,489,000	172,392,000	292,932,000	264,296,000	211,974,000	132,505,000	175,533,000	143,614,000	154,571,000		129,837,000	114,722,000
inventories	626,069,000	595,265,000	599,685,000	554,631,000	553,924,000	551,617,000	545,445,000	504,445,000	514,543,000	510,133,000	517,657,000	554,851,000	628,383,000	667,841,000	733,970,000	738,908,000	698,712,000	614,356,000	485,766,000	406,235,000	345,244,000	312,809,000	281,374,000	261,691,000	273,545,000	253,870,000	262,558,000	252,646,000	264,994,000	272,898,000	242,456,000	235,127,000	205,902,000	175,270,000	149,876,000	133,781,000	127,861,000	120,019,000	116,115,000	102,081,000	100,080,000	89,478,000	96,183,000	73,428,000	74,284,000	71,020,000	76,989,000	73,334,000	59,680,000	56,510,000	55,854,000	51,674,000	52,355,000	46,992,000	40,978,000	34,034,000	29,562,000	27,503,000	25,656,000	24,435,000	23,335,000	22,723,000	26,120,000	24,067,000	21,036,000	17,485,000	19,564,000	18,725,000	21,471,000
prepaid expenses and other	65,792,000	66,020,000	53,135,000	53,218,000	46,140,000	59,233,000	59,539,000	53,383,000	48,884,000	49,251,000	36,296,000	38,324,000	38,872,000	46,326,000	34,448,000	52,087,000	57,358,000	64,478,000	39,205,000	34,691,000	28,446,000	37,982,000	12,580,000	21,086,000	26,275,000	36,038,000	18,897,000	20,744,000	17,757,000	22,875,000	17,111,000	17,766,000	16,039,000	18,132,000	10,503,000	6,468,000	4,646,000	7,846,000	4,856,000	4,579,000	3,636,000	6,119,000	3,579,000	3,097,000	2,648,000	6,453,000	3,566,000	2,997,000	2,306,000	4,749,000	4,178,000	2,473,000	2,091,000	3,237,000	3,074,000	3,088,000	1,974,000	2,161,000	1,708,000	1,722,000	1,779,000	2,258,000	1,923,000	1,767,000	5,843,000	1,981,000	1,733,000	2,252,000	2,766,000
total current assets	1,014,712,000	873,122,000	951,892,000	899,958,000	975,684,000	822,617,000	912,959,000	853,894,000	859,374,000	734,631,000	811,253,000	833,863,000	954,478,000	909,904,000	1,107,421,000	1,223,372,000	1,174,405,000	974,075,000	862,785,000	763,624,000	591,835,000	528,063,000	531,834,000	537,453,000	548,914,000	516,834,000	528,004,000	411,684,000	428,523,000	385,167,000	389,723,000	384,688,000	360,697,000	273,953,000	271,324,000	251,192,000	237,185,000	172,769,000	198,187,000	197,988,000	181,818,000	139,738,000	170,647,000	138,903,000	149,373,000	114,796,000	131,438,000	128,589,000	107,669,000	87,699,000	108,623,000	94,780,000	90,607,000	73,670,000	76,590,000	64,189,000	63,425,000	44,385,000	51,228,000	52,776,000	55,768,000	37,128,000	49,383,000	52,280,000	48,852,000	36,858,000	41,980,000	50,248,000	51,052,000
property, plant and equipment	413,991,000	408,502,000	412,118,000	406,871,000	406,798,000	384,903,000	369,342,000	367,761,000	371,128,000	353,625,000	358,266,000	363,261,000	353,599,000	350,572,000	343,262,000	339,624,000	328,003,000	319,493,000	309,170,000	298,022,000	256,213,000	251,493,000	197,415,000	184,797,000	189,129,000	180,849,000	179,884,000	181,523,000	180,331,000	177,145,000	170,416,000	158,515,000	129,022,000	118,486,000	99,490,000	94,830,000	88,095,000	85,483,000	81,439,000	78,437,000	70,803,000	67,878,000	66,661,000	61,466,000	60,831,000	57,353,000	53,663,000	46,763,000	41,721,000	42,117,000	40,113,000	37,589,000	36,628,000	37,069,000	28,602,000	23,707,000	23,111,000	22,978,000	22,639,000	22,504,000	75,458,000	23,172,000	75,782,000	76,258,000	76,225,000	26,433,000	82,524,000	83,736,000	34,621,000
operating lease right-of-use assets	216,083,000		201,192,000	190,588,000	199,215,000		205,110,000	191,289,000	190,507,000		170,128,000	170,575,000	166,222,000		164,725,000	165,631,000	170,875,000		142,719,000	139,576,000	124,384,000		105,410,000	96,065,000	98,291,000		81,064,000	82,472,000	79,868,000
goodwill	839,716,000	840,101,000	815,121,000	801,785,000	801,865,000	797,236,000	789,417,000	758,319,000	755,729,000	637,393,000	637,393,000	633,183,000	627,306,000	629,263,000	597,625,000	605,086,000	600,119,000	551,377,000	478,955,000	453,537,000	405,382,000	395,800,000	356,433,000	326,478,000	325,916,000	319,349,000	308,358,000	301,938,000	292,113,000	281,734,000	258,113,000	255,874,000	223,518,000	208,044,000	149,600,000	138,725,000	110,200,000	109,893,000	100,800,000	84,044,000	77,488,000	68,606,000	78,331,000	49,551,000	47,107,000	31,630,000	28,392,000	29,470,000	16,495,000	16,495,000	16,970,000	10,362,000	10,362,000	10,362,000	6,753,000	5,759,000	5,759,000	4,319,000	4,128,000	2,966,000	2,966,000	2,966,000	2,966,000	2,861,000	2,861,000	2,140,000	2,140,000	2,140,000	2,140,000
intangible assets	721,532,000	742,561,000	753,484,000	766,309,000	790,915,000	802,889,000	838,941,000	825,315,000	848,753,000	651,153,000	670,763,000	697,866,000	706,706,000	720,230,000	675,440,000	683,989,000	690,610,000	640,456,000	558,040,000	563,288,000	451,269,000	456,276,000	380,919,000	344,905,000	356,633,000	357,014,000	350,216,000	349,479,000	370,233,000	382,982,000	396,417,000	386,540,000	313,458,000	263,467,000																25,611,000				19,219,000				11,515,000				7,901,000				7,047,000			7,400,000
other non-current assets	12,409,000	12,801,000	13,368,000	13,701,000	12,300,000	12,612,000	7,184,000	7,292,000	7,385,000	7,929,000	8,140,000	8,282,000	8,519,000	8,828,000	8,177,000	7,129,000	7,368,000	7,147,000	6,789,000	6,660,000	3,575,000	1,605,000	384,000	392,000	407,000	423,000	474,000	482,000	499,000	515,000	658,000	478,000	494,000	510,000	492,000	506,000	522,000	538,000	528,000	543,000	539,000	555,000	562,000	1,232,000	1,198,000	1,214,000	1,005,000	998,000	966,000	982,000	835,000	828,000	844,000	861,000	650,000	643,000	659,000	675,000	573,000	538,000	525,000	3,325,000	3,147,000	3,156,000	3,051,000	3,096,000	2,894,000	2,910,000	3,010,000
total assets	3,218,443,000	3,076,174,000	3,147,175,000	3,079,212,000	3,186,777,000	3,020,954,000	3,122,953,000	3,003,870,000	3,032,876,000	2,562,448,000	2,655,943,000	2,707,030,000	2,816,830,000	2,782,471,000	2,896,650,000	3,024,831,000	2,971,380,000	2,650,731,000	2,358,458,000	2,224,707,000	1,834,878,000	1,753,435,000	1,574,939,000	1,492,796,000	1,522,158,000	1,470,993,000	1,451,130,000	1,330,913,000	1,355,184,000	1,231,231,000	1,219,111,000	1,190,120,000	1,029,545,000	866,644,000	726,261,000	689,331,000	602,726,000	534,950,000	534,065,000	496,519,000	454,268,000	386,049,000	419,148,000	330,817,000	323,321,000	255,561,000	263,809,000	254,923,000	192,872,000	174,187,000	194,335,000	163,968,000	159,434,000	143,469,000	131,777,000	112,872,000	107,577,000	85,770,000	92,069,000	88,799,000	89,942,000	74,817,000	87,932,000	91,539,000	88,968,000	77,037,000	86,541,000	96,702,000	100,493,000
liabilities and shareholders’ equity
current liabilities:
current maturities of long-term debt	6,250,000	6,250,000	6,250,000	6,250,000	6,250,000	6,250,000	11,250,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	7,500,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	10,000,000	10,000,000	8,750,000	7,500,000	6,250,000	15,766,000	15,766,000	15,766,000	15,766,000	15,766,000	15,766,000	15,766,000	10,714,000	10,714,000	10,714,000	10,714,000	10,714,000											1,000,000	1,000,000	1,000,000	1,000,000	1,000,000			16,983,000	18,925,000	20,043,000	24,958,000	10,359,000	7,613,000	11,856,000	14,741,000
current operating lease liabilities	57,232,000	54,956,000	54,643,000	55,186,000	55,489,000	53,697,000	53,335,000	52,788,000	51,839,000	48,761,000	47,262,000	46,224,000	44,977,000	44,235,000	43,352,000	43,211,000	42,841,000	40,301,000	36,955,000	35,951,000	32,513,000	30,901,000	29,565,000	28,567,000	28,168,000	27,694,000	25,990,000	25,822,000	25,874,000
accounts payable	217,645,000	192,448,000	222,037,000	284,510,000	223,230,000	187,915,000	189,274,000	206,605,000	196,747,000	140,524,000	148,239,000	130,406,000	149,260,000	142,910,000	188,691,000	219,315,000	240,694,000	203,537,000	219,153,000	164,646,000	154,291,000	105,786,000	117,088,000	115,838,000	138,146,000	96,208,000	117,862,000	118,147,000	124,640,000	89,803,000	96,204,000	108,702,000	114,380,000	84,109,000	71,885,000	66,525,000	63,064,000	46,752,000	58,133,000	53,071,000	48,096,000	28,744,000	34,686,000	36,429,000	43,506,000	29,754,000	36,334,000	38,805,000	36,842,000	18,826,000	36,155,000	32,112,000	28,859,000	17,336,000	27,005,000	24,968,000	23,491,000	10,915,000	19,539,000	17,149,000	24,737,000	8,204,000	12,385,000	16,838,000	14,709,000	5,874,000	9,684,000	11,642,000	5,156,000
accrued liabilities	92,463,000	94,412,000	124,648,000	114,376,000	119,853,000	105,753,000	125,330,000	106,774,000	104,456,000	111,711,000	132,813,000	123,000,000	130,943,000	172,595,000	196,361,000	203,385,000	205,280,000	181,439,000	145,865,000	120,695,000	105,545,000	83,202,000	101,296,000	69,132,000	64,889,000	58,033,000	53,423,000	51,129,000	57,292,000	59,202,000	70,511,000	57,661,000	49,294,000	36,550,000	33,928,000	26,882,000	24,560,000	23,575,000	23,017,000	23,363,000	23,238,000	18,468,000	21,957,000	17,131,000	15,916,000	15,388,000	13,821,000	13,824,000	13,885,000	13,585,000	14,872,000	11,780,000	9,244,000	11,816,000	10,579,000	8,756,000	6,233,000	7,935,000	7,458,000	6,119,000	4,656,000	5,628,000	7,578,000	6,864,000	5,979,000	5,275,000	6,437,000	5,957,000	7,252,000
other current liabilities	430,000	424,000
total current liabilities	374,020,000	348,490,000	407,578,000	460,322,000	404,822,000	353,615,000	379,189,000	373,667,000	360,542,000	308,496,000	335,814,000	307,130,000	332,680,000	367,240,000	435,904,000	473,411,000	496,315,000	432,777,000	409,473,000	328,792,000	299,849,000	227,389,000	252,949,000	218,537,000	236,203,000	186,935,000	202,275,000	205,098,000	217,806,000	157,755,000	174,215,000	172,613,000	179,440,000	136,425,000	121,579,000	109,173,000	103,390,000	86,093,000	96,916,000	87,148,000	82,048,000	57,926,000	67,357,000	64,274,000	59,422,000	45,142,000	50,155,000	52,629,000	50,727,000	32,411,000	51,027,000	43,892,000	38,103,000	29,152,000	38,584,000	34,724,000	30,724,000	19,850,000	27,997,000	23,268,000	29,393,000	50,065,000	61,888,000	64,745,000	63,646,000	35,008,000	38,144,000	46,865,000	45,349,000
long-term debt, less current maturities	1,378,433,000	1,282,821,000	1,320,343,000	1,266,298,000	1,422,272,000	1,311,684,000	1,377,727,000	1,310,848,000	1,392,099,000	1,018,356,000	1,104,618,000	1,215,885,000	1,332,158,000	1,276,149,000	1,333,455,000	1,474,743,000	1,489,811,000	1,278,989,000	1,077,664,000	1,076,950,000	785,849,000	810,907,000	673,852,000	673,138,000	672,235,000	670,354,000	670,928,000	569,844,000	613,599,000	621,751,000	594,334,000	576,298,000	413,146,000	338,111,000	244,073,000	244,409,000	196,172,000	256,811,000	264,479,000	250,438,000	230,808,000	193,770,000	214,107,000	139,286,000																	37,395,000
long-term operating lease liabilities	163,753,000	148,889,000	150,985,000	139,686,000	147,900,000	151,026,000	156,083,000	142,681,000	142,799,000	132,444,000	126,231,000	127,612,000	124,373,000	122,471,000	124,289,000	125,198,000	130,550,000	120,161,000	107,753,000	105,318,000	93,327,000	88,175,000	76,873,000	68,318,000	70,831,000	66,467,000	55,553,000	57,018,000	54,309,000
deferred tax liabilities	100,669,000	96,875,000	83,140,000	53,564,000	55,609,000	61,346,000	68,012,000	67,903,000	67,903,000	46,724,000	47,390,000	48,782,000	48,782,000	48,392,000	42,812,000	40,515,000	40,515,000	36,453,000	49,344,000	48,734,000	40,998,000	39,516,000	26,100,000	19,056,000	26,546,000	27,284,000	19,735,000	20,843,000	23,624,000	22,699,000	21,302,000	21,342,000	15,050,000	13,640,000	13,153,000	13,933,000	5,892,000	4,988,000				3,837,000	3,290,000	3,688,000	3,790,000	4,358,000	2,273,000	1,602,000	1,876,000	1,920,000	468,000						1,344,000	1,344,000	1,326,000	1,326,000	1,326,000	1,326,000	1,309,000	1,309,000	1,309,000	1,309,000	1,363,000	1,362,000	1,309,000
other long-term liabilities	13,198,000	14,802,000	16,623,000	16,233,000	14,906,000	14,917,000	12,461,000	10,267,000	10,997,000	11,091,000	10,587,000	10,199,000	9,015,000	13,050,000	13,514,000	13,374,000	14,217,000	14,794,000	22,176,000	21,642,000	19,580,000	28,007,000	19,336,000	20,479,000	20,967,000	22,472,000	22,701,000	19,493,000	16,757,000	20,272,000	15,042,000	16,247,000	16,131,000	7,783,000
total liabilities	2,030,073,000	1,891,877,000	1,978,669,000	1,936,103,000	2,045,509,000	1,892,588,000	1,993,472,000	1,905,366,000	1,974,340,000	1,517,111,000	1,624,640,000	1,709,608,000	1,847,008,000	1,827,302,000	1,949,974,000	2,127,241,000	2,171,408,000	1,883,174,000	1,666,410,000	1,581,436,000	1,239,603,000	1,193,994,000	1,049,110,000	999,528,000	1,026,782,000	973,512,000	971,192,000	872,296,000	926,095,000	822,477,000	804,893,000	786,500,000	623,767,000	495,959,000	385,485,000	369,110,000	307,064,000	349,502,000	363,262,000	339,456,000	314,757,000	257,452,000	286,909,000	209,425,000	215,184,000	152,793,000	162,133,000	158,090,000	102,514,000	91,877,000	117,508,000	92,926,000	95,311,000	82,061,000	74,111,000	62,511,000	71,776,000	56,928,000	65,243,000	66,698,000	72,282,000	56,681,000	69,036,000	72,159,000	71,603,000	60,688,000	71,150,000	80,792,000	79,733,000
shareholders' equity
preferred shares, no par value per share, 1,000,000 shares authorized, none issued and outstanding
common stock	202,231,000	208,210,000	206,324,000	202,765,000	198,408,000	202,353,000	200,530,000	198,138,000	193,930,000	203,258,000	201,680,000	196,912,000	194,753,000	197,003,000	195,367,000	191,295,000	188,433,000	196,383,000	195,402,000	191,131,000	174,920,000	180,892,000	177,308,000	173,178,000	170,626,000	172,662,000	169,220,000	166,086,000	161,949,000	161,436,000	162,925,000	161,648,000	162,625,000	163,196,000	162,372,000	159,762,000	156,463,000	63,716,000	62,117,000	60,450,000	58,217,000	57,683,000	57,933,000	55,911,000	54,740,000	54,769,000	54,800,000	54,366,000	53,955,000	53,863,000	49,478,000	49,148,000	52,197,000	55,501,000	55,498,000	55,509,000	55,147,000	54,242,000	54,068,000	53,981,000	53,880,000	53,798,000	53,732,000	53,666,000	53,615,000	53,588,000	53,562,000	53,539,000	53,522,000
accumulated other comprehensive loss	-825,000	-876,000	-932,000	-928,000	-922,000	-926,000	-985,000	-1,028,000	-1,031,000	-999,000	-804,000	-794,000	-704,000	-695,000	-1,635,000	-1,517,000	-1,442,000	-2,228,000	-3,024,000	-4,129,000	-5,136,000	-6,052,000	-7,243,000	-8,292,000	-8,741,000	-5,698,000	-5,953,000	-5,732,000	-3,707,000																										-183,000	-183,000	-183,000	-183,000	-153,000	-153,000	-153,000	-830,000	-943,000	-1,022,000	-1,102,000	-1,181,000	-1,200,000	-1,280,000	-1,439,000
retained earnings	986,964,000	976,963,000	963,114,000	941,272,000	943,782,000	926,939,000	929,936,000	901,394,000	865,637,000	843,078,000	830,427,000	801,304,000	775,773,000	758,861,000	752,944,000	707,812,000	612,981,000	513,734,000	475,689,000	453,432,000	401,104,000	360,214,000	331,324,000	303,848,000	308,957,000	305,503,000	291,651,000	273,139,000	245,723,000	224,874,000	225,698,000	216,357,000	217,274,000	199,180,000	170,134,000	152,189,000	130,929,000	113,462,000	99,150,000	87,125,000	72,050,000	62,574,000	65,831,000	56,871,000	44,798,000	40,509,000	39,232,000	34,774,000	28,685,000	21,789,000	20,613,000	15,161,000	7,604,000	1,585,000															-31,685,000
total shareholders' equity	1,188,370,000	1,184,297,000	1,168,506,000	1,143,109,000	1,141,268,000
total liabilities and shareholders' equity	3,218,443,000	3,076,174,000	3,147,175,000	3,079,212,000	3,186,777,000
operating lease right-of-use-assets		199,087,000				200,697,000				177,717,000				163,674,000				158,183,000				117,816,000				93,546,000
commitments and contingencies
preferred stock, no par value; authorized 1,000,000 shares; none issued or outstanding
shareholders’ equity
total shareholders’ equity						1,128,366,000	1,129,481,000	1,098,504,000	1,058,536,000	1,045,337,000	1,031,303,000	997,422,000	969,822,000	955,169,000	946,676,000	897,590,000	799,972,000	767,557,000	692,048,000	643,271,000	595,275,000	559,441,000	525,829,000	493,268,000	495,376,000	497,481,000	479,938,000	458,617,000	429,089,000	408,754,000	414,218,000	403,620,000	405,778,000	370,685,000	340,776,000	320,221,000	295,662,000	185,448,000	170,803,000	157,063,000	139,511,000	128,597,000	132,239,000	121,392,000	108,137,000	102,768,000	101,676,000	96,833,000	90,358,000	82,310,000	76,827,000	71,042,000	64,123,000	61,408,000	57,666,000	50,361,000	35,801,000	28,842,000	26,826,000	22,101,000	17,660,000	18,136,000	18,896,000	19,380,000	17,365,000	16,349,000	15,391,000	15,910,000	20,760,000
total liabilities and shareholders’ equity						3,020,954,000	3,122,953,000	3,003,870,000	3,032,876,000	2,562,448,000	2,655,943,000	2,707,030,000	2,816,830,000	2,782,471,000	2,896,650,000	3,024,831,000	2,971,380,000	2,650,731,000	2,358,458,000	2,224,707,000	1,834,878,000	1,753,435,000	1,574,939,000	1,492,796,000	1,522,158,000	1,470,993,000	1,451,130,000	1,330,913,000	1,355,184,000	1,231,231,000	1,219,111,000	1,190,120,000	1,029,545,000	866,644,000	726,261,000	689,331,000	602,726,000	534,950,000	534,065,000	496,519,000	454,268,000	386,049,000	419,148,000	330,817,000	323,321,000	255,561,000	263,809,000	254,923,000	192,872,000	174,187,000	194,335,000	163,968,000	159,434,000	143,469,000	131,777,000	112,872,000	107,577,000	85,770,000	92,069,000	88,799,000	89,942,000	74,817,000	87,932,000	91,539,000	88,968,000	77,037,000	86,541,000	96,702,000	100,493,000
current assets
current liabilities
additional paid-in-capital																		59,668,000	23,981,000	24,387,000	24,387,000	24,387,000	24,440,000	24,534,000	24,534,000	25,014,000	25,020,000	25,124,000	25,124,000	25,124,000	25,480,000	25,552,000	25,785,000	8,243,000	8,243,000	8,243,000	8,243,000	8,243,000	9,504,000	9,456,000	9,212,000	8,308,000	8,444,000	8,579,000	8,568,000	7,459,000	7,590,000			6,604,000				4,305,000				1,293,000				148,000				148,000			362,000
treasury stock																				-21,550,000
deferred financing costs																					2,220,000	2,382,000	2,544,000	2,706,000	2,868,000	2,978,000	3,130,000	3,335,000	3,617,000	3,688,000	3,784,000	4,025,000	2,356,000	2,184,000	2,311,000	2,440,000	2,556,000	1,728,000	1,830,000	1,686,000	1,714,000	2,513,000	2,566,000	2,420,000
preferred stock, no par value; authorized 1,000,000 shares; none issued
trade receivables																										87,536,000			137,318,000	82,499,000	129,850,000	131,691,000	138,685,000	77,784,000	104,574,000	99,337,000	93,759,000	38,455,000	75,739,000	91,293,000	67,443,000	38,213,000	63,301,000	51,345,000	68,718,000		44,076,000	45,475,000	42,842,000		35,518,000	31,963,000	32,955,000		31,650,000	25,672,000	30,645,000		23,624,000	25,913,000	25,804,000		20,437,000	26,094,000	21,819,000		18,494,000	16,971,000
accumulated other comprehensive income																														-2,680,000	115,000	63,000	94,000	66,000	27,000	27,000	27,000	27,000	32,000	32,000	32,000	32,000	31,000	31,000	31,000	31,000	54,000	54,000	54,000	54,000	17,000	17,000	17,000	17,000
other intangible assets																																			203,044,000	201,638,000	164,168,000	164,539,000	150,846,000	129,914,000	120,152,000	106,759,000	100,381,000	77,245,000		49,544,000
deferred compensation and other																																			6,680,000	1,595,000	1,610,000	1,610,000	1,867,000	1,870,000	1,901,000	1,919,000	2,155,000	2,177,000	2,213,000	2,239,000	2,444,000	2,174,000	2,517,000	2,546,000	3,013,000	3,026,000	3,110,000	3,193,000	3,438,000	3,414,000	4,275,000	3,780,000	3,916,000	3,882,000	4,168,000	5,290,000	5,839,000	6,105,000	6,648,000	5,963,000	6,536,000	5,782,000	5,708,000
deferred tax assets																																							435,000	3,907,000	1,754,000	5,841,000	6,174,000	4,427,000	3,654,000	4,563,000	4,095,000	3,460,000	2,818,000	3,762,000	2,563,000	3,292,000	1,751,000
property, plant and equipment, at cost																																													125,740,000		115,848,000	107,616,000	101,459,000		98,622,000	95,031,000	93,729,000		85,503,000	80,008,000	78,671,000		77,091,000	76,186,000
less accumulated depreciation																																													64,909,000		62,185,000	60,853,000	59,738,000		58,509,000	57,442,000	57,101,000		56,901,000	56,301,000	55,560,000		54,452,000	53,682,000	53,097,000		51,825,000	51,186,000	50,678,000		51,809,000	51,523,000
other intangible assets, net of accumulated amortization																																													63,856,000
deferred financing costs, net of accumulated amortization																																													956,000	1,024,000	1,109,000	1,113,000	1,197,000	1,283,000	1,400,000	1,513,000	1,576,000	1,612,000	1,472,000	1,616,000	1,761,000	1,898,000	2,005,000	2,028,000	593,000	325,000	391,000	751,000	1,113,000	1,463,000	1,675,000	1,967,000	2,270,000
long-term debt																																													149,759,000	101,054,000	107,261,000	101,685,000	47,394,000	55,000,000	63,000,000	46,008,000	54,098,000
trade receivables, net of allowance																																														32,637,000				22,644,000				17,858,000				14,171,000				10,190,000				12,507,000			8,290,000
preferred stock, no par value; authorized 1,000,000 shares
intangible assets, net of accumulated amortization																																															48,202,000	47,990,000	24,824,000		26,394,000	18,179,000	18,700,000		13,280,000	12,528,000	12,862,000		11,496,000	7,987,000	7,729,000		8,088,000	7,419,000	7,544,000		7,137,000	7,224,000
additional-paid-in-capital																																																7,639,000	7,664,000		6,719,000	6,716,000	4,305,000
deferred tax assets, net of valuation allowance																																																						5,149,000	4,430,000	4,430,000
long-term debt, less current maturities and discount																																																						49,716,000	32,089,000	24,373,000	35,433,000	31,954,000	32,004,000	38,222,000						18,408,000	25,107,000	26,783,000	27,367,000
additional paid-in capital																																																							3,983,000	3,221,000	2,336,000		893,000	791,000	148,000		148,000	148,000	148,000		148,000	148,000
accumulated deficit																																																							-1,632,000	-8,186,000	-21,499,000	-26,510,000	-27,982,000	-32,518,000	-36,215,000	-34,980,000	-34,041,000	-33,412,000	-35,296,000	-36,206,000	-37,119,000
short-term borrowings																																																														19,250,000	23,000,000	21,000,000	18,000,000	13,500,000	14,410,000	17,410,000	18,200,000
net property, plant and equipment, at cost																																																													22,361,000		23,957,000	25,072,000	25,547,000		30,715,000	32,213,000
assets held for sale																																																																		4,825,000	1,918,000	11,400,000	15,816,000
see accompanying notes to consolidated financial statements.
retained deficit																																																																				-36,497,000
income taxes receivable																																																																					37,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-29	2025-12-31	2025-09-28	2025-06-29	2025-03-30	2024-12-31	2024-09-29	2024-06-30	2024-03-31	2023-12-31	2023-10-01	2023-07-02	2023-04-02	2022-12-31	2022-09-25	2022-06-26	2022-03-27	2021-12-31	2021-09-26	2021-06-27	2021-03-28	2020-12-31	2020-09-27	2020-06-28	2020-03-29	2019-12-31	2019-09-29	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-07-01	2018-04-01	2017-12-31	2017-09-24	2017-06-25	2017-03-26	2016-12-31	2016-09-25	2016-06-26	2016-03-27	2015-12-31	2015-09-27	2015-06-28	2015-03-29	2014-12-31	2014-09-28	2014-06-29	2014-03-30	2013-12-31	2013-09-29	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-07-01	2012-04-01	2011-12-31	2011-09-25	2011-06-26	2011-03-27	2010-12-31	2010-09-26	2010-06-27	2010-03-28

cash flows from operating activities
net income	39,480,000	29,079,000	35,303,000	32,436,000	38,238,000	14,558,000	40,866,000	47,884,000	35,093,000	30,817,000	39,550,000	42,357,000	30,173,000	40,180,000	58,819,000	116,524,000	112,673,000	61,020,000	57,397,000	58,985,000	47,513,000	37,824,000	37,336,000	714,000	21,187,000	19,984,000	21,317,000	27,416,000	20,849,000	26,970,000	27,934,000	34,860,000	30,068,000	29,046,000	17,945,000	21,260,000	17,467,000	14,816,000	12,025,000	16,703,000	12,033,000	12,036,000	8,960,000	12,073,000	9,150,000	7,293,000	7,254,000	9,231,000	6,896,000	5,012,000	5,452,000	7,557,000	6,019,000	3,217,000	6,554,000	13,313,000	5,011,000		4,536,000	3,697,000	-1,235,000	-939,000	-629,000	1,884,000	910,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	42,777,000	42,990,000	41,967,000	42,609,000	42,646,000	42,543,000	42,186,000	41,481,000	40,335,000	36,567,000	36,484,000	35,982,000	35,510,000	34,501,000	33,281,000	32,774,000	30,201,000	28,510,000	27,583,000	26,194,000	22,521,000	20,315,000	18,266,000	17,514,000	17,175,000	16,346,000	16,202,000	14,704,000	15,543,000	15,159,000	14,454,000	14,114,000	11,325,000	9,025,000	8,738,000	8,361,000	7,417,000
stock-based compensation expense	5,978,000	3,899,000	3,867,000	6,051,000	5,249,000	2,408,000	4,625,000	4,282,000	5,460,000	5,754,000	5,729,000	2,704,000	5,242,000	6,155,000	5,352,000	5,133,000	5,111,000	5,580,000	6,971,000	6,038,000	4,298,000	4,783,000	4,830,000	2,036,000	4,311,000	3,397,000	3,867,000	4,225,000	3,947,000	3,070,000	3,542,000	3,673,000	3,696,000	2,661,000	2,633,000	2,678,000	2,439,000	1,672,000	1,665,000	1,632,000	1,501,000	1,240,000	1,232,000	1,170,000	1,024,000	822,000	834,000	893,000	733,000	388,000	329,000	332,000	263,000	226,000	235,000	221,000	120,000	86,000	87,000	87,000	73,000	66,000	66,000	51,000	27,000
deferred income taxes	3,794,000	13,735,000	29,576,000	-2,045,000	-5,737,000									-9,355,000				-10,483,000	-1,994,000			12,148,000	3,289,000			6,387,000	-1,025,000	-1,050,000	1,281,000	1,847,000	-68,000	-2,430,000	1,410,000	-2,729,000	-2,093,000	-2,559,000	904,000	1,371,000	-28,000	-2,153,000	250,000	880,000	-2,145,000	-875,000	341,000	1,632,000	36,000	-916,000	900,000	253,000	1,914,000	-1,541,000	3,357,000
amortization of deferred debt financing costs	823,000	835,000	822,000
loss on sale of property, plant and equipment	-155,000	78,000	-29,000	52,000	2,042,000					343,000	142,000			153,000	-165,000	-47,000	-5,501,000
other	211,000	-1,640,000	90,000	182,000	-1,604,000	-1,959,000	916,000	566,000	853,000									7,554,000	0	0	-2,000,000	470,000	505,000	2,266,000	750,000	-1,896,000	1,045,000	-577,000	-233,000															-6,000	-7,000	-55,000	18,000	-54,000	-7,000	-55,000	-30,000	-6,000	-6,000			149,000	-6,000					18,000	21,000	50,000	16,000
change in operating assets and liabilities, net of acquisitions of businesses:
trade and other receivables	-99,515,000	98,082,000	-7,391,000	18,924,000	-107,807,000	77,874,000	-1,938,000	24,476,000	-89,565,000	77,037,000	-35,057,000	50,297,000	-83,354,000	118,255,000	69,884,000	-1,200,000	-160,883,000	128,200,000	-25,925,000
inventories	-29,166,000	13,093,000	-42,707,000	-711,000	5,366,000	-4,666,000	-25,473,000	10,495,000	17,781,000	7,547,000	37,194,000	77,938,000	39,502,000	73,195,000	4,929,000	-38,251,000	-51,769,000	-105,001,000	-72,818,000	-30,248,000	-24,398,000	-21,669,000	-5,702,000	11,028,000	-18,211,000	10,598,000	-4,615,000	12,475,000	1,224,000	13,330,000	-3,660,000	-1,021,000	-8,557,000	-15,177,000	-14,661,000	-32,000	-5,400,000	-2,778,000	-8,704,000	684,000	-1,663,000	6,737,000	-3,566,000	1,172,000	-1,301,000	6,645,000	-3,976,000	-1,159,000	-3,170,000	-663,000	-2,137,000	681,000	-5,363,000	-4,321,000	-4,233,000	-4,472,000	-1,156,000	-1,349,000			-612,000	3,472,000	484,000	-3,031,000	-2,881,000
prepaid expenses and other assets	443,000	-12,665,000	-589,000	-8,878,000	13,371,000	-3,676,000	-2,071,000	-4,481,000	2,619,000	-13,029,000	1,986,000	798,000	6,314,000	-10,935,000	17,595,000	6,265,000	7,198,000	-12,521,000	-4,591,000	-5,589,000	9,587,000	-26,201,000	8,879,000	5,259,000	9,649,000	-17,188,000	1,951,000	-2,848,000	5,216,000	-2,645,000	-1,684,000	3,847,000	2,136,000	-5,360,000	-4,030,000	-1,515,000	3,305,000
accounts payable, accrued liabilities and other	21,322,000	-56,643,000	-51,805,000	59,953,000	47,519,000	-23,532,000	-7,579,000	12,779,000	22,600,000	-28,735,000	28,547,000	-31,697,000	-36,393,000	-70,413,000	-35,514,000	-26,834,000	37,785,000	3,039,000	80,412,000	2,643,000	63,757,000	-31,671,000	27,367,000	-17,978,000	43,033,000	-19,276,000	581,000	-12,800,000	32,574,000	-42,394,000	-3,820,000	-9,098,000	34,231,000	3,767,000	8,898,000	1,627,000	16,016,000
net cash from operating activities	-14,008,000	130,843,000	9,104,000	149,390,000	40,077,000	102,651,000	51,532,000	137,482,000	35,176,000	114,842,000	115,479,000	179,301,000	-950,000	181,930,000	155,512,000	97,335,000	-23,039,000	104,713,000	68,672,000	28,453,000	50,292,000	47,395,000	73,386,000	26,208,000	13,164,000	70,377,000	28,219,000	65,930,000	27,884,000	72,600,000	36,196,000	65,409,000	25,808,000	67,350,000	13,142,000	30,316,000	-10,907,000	47,414,000	32,455,000	3,325,000	13,953,000	40,290,000	-2,023,000	30,204,000	-2,841,000	22,541,000			7,471,000	979,000	6,418,000	13,895,000	1,139,000	6,367,000	315,000	12,546,000	1,769,000	2,289,000			1,003,000	7,659,000	3,637,000	-1,386,000	-2,151,000
cash flows from investing activities
purchases of property, plant and equipment	-18,926,000		-26,298,000	-18,275,000	-20,171,000		-17,853,000	-16,916,000	-15,495,000		-10,939,000	-16,225,000	-20,266,000
proceeds from sale of property, plant and equipment	489,000		408,000	148,000	1,684,000		178,000	1,947,000	167,000						145,000	150,000	7,146,000		28,000	54,000	58,000
business acquisitions, net of cash acquired	-7,218,000	-51,418,000	-22,182,000	-581,000	-47,559,000	-181,000	-80,839,000	-1,085,000	-329,642,000	150,000	828,000	-26,359,000	-478,000	-96,011,000	-2,499,000	-18,792,000	-131,597,000	-210,426,000	-45,041,000	-223,796,000	-28,864,000	-182,613,000	-99,544,000	443,000	-24,281,000	-33,603,000	-21,104,000	-24,000	-1,222,000
other investing activities	-281,000		-2,205,000	-1,824,000	-40,000		-74,000	-35,000	-25,754,000																					-5,191,000	5,045,000	86,000	-6,000	-2,000	-8,000	-7,000	-6,000	-6,000	-8,000	-7,000	-6,000	-7,000
net cash from investing activities	-25,936,000	-69,591,000	-50,277,000	-20,532,000	-66,086,000	-27,448,000	-98,588,000	-16,089,000	-370,724,000	-11,082,000	-9,916,000	-41,970,000	-23,577,000	-112,583,000	-21,324,000	-44,441,000	-143,119,000	-231,018,000	-62,823,000	-235,848,000	-45,045,000	-192,460,000	-110,407,000	-3,177,000	-31,840,000	-39,144,000	-25,002,000	-5,211,000	-9,855,000	-60,370,000	-32,577,000	-174,915,000	-103,508,000	-162,808,000	-17,995,000	-78,744,000	-13,590,000	-31,272,000	-49,839,000	-33,763,000	-39,124,000	-4,239,000	-79,404,000	-22,318,000	-41,426,000	-11,871,000			-902,000	-3,465,000	-18,244,000	-1,714,000	-833,000	-22,734,000	-8,594,000	-1,362,000	-4,532,000	-1,852,000			-177,000	-423,000	-3,800,000	3,655,000	1,755,000
cash flows from financing activities
borrowings on revolver	292,821,000		274,343,000	82,102,000	263,434,000		280,361,000	186,097,000	688,958,000		117,380,000	10,490,000	354,324,000		107,520,000	292,170,000	303,712,000		455,000	308,000,000	117,475,000		176,000	1,302,000	6,720,000		259,166,000	175,771,000	213,523,000	256,929,000	171,677,000	451,800,000	331,058,000	320,388,000	126,632,000	161,093,000	65,717,000	159,670,000	55,086,000	95,073,000	112,424,000
repayments on revolver	-197,821,000	-159,547,000	-219,343,000	-237,102,000	-153,434,000	-429,969,000	-210,361,000	-266,097,000	-313,958,000	-91,246,000	-227,378,000	-125,491,000	-124,613,000	-190,745,000	-247,520,000	-306,170,000	-149,712,000	-407,025,000	0	-421,000,000	-144,475,000	-91,079,000	-176,000	-1,302,000	-6,720,000	-4,669,000	-466,165,000	-218,772,000	-220,855,000	-228,597,000	-152,576,000	-335,500,000	-389,855,000	-218,495,000	-123,053,000	-108,941,000	-126,371,000	-159,490,000	-62,268,000	-72,857,000	-74,731,000
stock repurchases under buyback program	-14,693,000	0	0	-23,458,000	-8,511,000					-6,578,000	-454,000	-8,116,000	-3,660,000	-30,133,000	-6,599,000	-15,607,000	-24,778,000	-16,995,000	-10,395,000			-2,820,000	-4,736,000	0	-15,550,000	-232,000				-32,539,000	-20,943,000	-40,615,000	-13,470,000					-547,000	0	-1,802,000	-2,865,000	-16,987,000	0	0	-5,650,000	-7,000,000	-3,245,000
cash dividends paid to shareholders	-16,311,000	-15,300,000	-13,023,000	-13,089,000	-13,862,000	-13,116,000	-12,024,000	-12,034,000	-13,013,000	-11,880,000	-9,753,000	-9,746,000	-10,761,000	-9,862,000	-7,341,000	-7,378,000	-8,288,000	-7,537,000	-6,426,000	-6,488,000	-6,573,000	-6,365,000	-5,658,000	-5,770,000	-5,837,000
taxes paid for share-based payment arrangements	-11,157,000	-2,013,000	-308,000	-18,000	-8,593,000	-218,000	-2,233,000	-95,000	-14,788,000	-3,370,000	-1,177,000	-86,000	-7,499,000	-191,000	-1,000	-36,000	-9,999,000	-2,916,000	-13,000	-421,000	-14,464,000
payment of contingent consideration from business acquisitions	-1,750,000	0	-15,000	-17,000	-16,000	-57,000
other financing activities	-105,000	-80,000	-195,000	-300,000	-9,000	204,000	-6,000	0	-75,000	-68,000	-7,000	0	-75,000													1,000	-1,000	4,000	3,000	2,000	-41,000	27,000	-1,000	-59,000	-2,000			38,000	-11,000	-24,000	-27,000	-25,000
net cash from financing activities	50,984,000	-55,518,000	39,897,000	-193,445,000	79,009,000	-94,248,000	55,702,000	-95,043,000	341,749,000	-108,801,000	-123,024,000	-134,203,000	32,463,000	-99,769,000	-157,944,000	-39,715,000	107,155,000	204,272,000	-19,369,000	259,626,000	-43,843,000	127,485,000	-11,694,000	-6,492,000	-26,191,000	-8,555,000	89,923,000	-45,601,000	-16,470,000	-5,641,000	-3,417,000	109,539,000	75,004,000	91,854,000	-382,000	49,115,000	28,967,000	-11,170,000	18,826,000	19,814,000	35,743,000	-37,374,000	76,231,000	-1,349,000	44,213,000	-13,259,000	2,206,000	50,602,000	-6,580,000	-7,990,000	16,958,000	-8,258,000	715,000	15,913,000	7,772,000	-11,033,000	3,457,000	-127,000	-5,126,000	-296,000	2,067,000	-6,182,000	714,000	-2,071,000	490,000
net increase in cash and cash equivalents	11,040,000	5,734,000	-1,276,000	-64,587,000	53,000,000	-19,045,000	8,646,000	26,350,000	6,201,000
cash and cash equivalents at beginning of year	26,432,000	0	0	0	33,561,000	0	0	0	11,409,000	0	0	0	22,847,000	0	0	0	122,849,000	0	0	0	44,767,000	0	0	0	139,390,000	0	0	0	6,895,000	0	0	0	2,767,000	0	0	0	6,449,000	0	0	0	87,000	0	0	0	123,000	0	0	0	34,000	0	0	0	434,000	0	0	0	550,000	0	0	0	1,957,000	0	0	0	60,000
cash and cash equivalents at end of period	37,472,000		-1,276,000	-64,587,000	86,561,000		8,646,000	26,350,000	17,610,000		-17,461,000	3,128,000	30,783,000		-23,756,000	13,179,000	63,846,000		-13,520,000	52,231,000	6,171,000		-48,715,000	16,539,000	94,523,000		93,140,000	15,118,000	8,454,000		202,000	33,000	71,000		-5,235,000	687,000	10,919,000		1,442,000	-10,624,000	10,659,000		-5,196,000	6,537,000	69,000		-611,000	3,300,000	23,000		5,132,000	3,923,000	1,455,000		-507,000	151,000	1,244,000		-466,000	-4,144,000	4,850,000		551,000	198,000	154,000
loss on extinguishment of debt
change in operating assets and liabilities, net of business acquisitions:
purchases of property, plant, and equipment
proceeds from sale of property, plant, and equipment
purchase of intangible assets and other investing activities
term debt borrowings																		0	0							0				0	0							0
term debt repayments		-3,125,000	-1,562,000			-127,188,000	0	-1,875,000	-1,875,000	-1,875,000	-1,875,000	-1,875,000	-1,875,000	-3,750,000	-1,875,000			-3,750,000	-1,875,000			-2,500,000	-1,250,000			-2,500,000	0	-2,500,000	-1,250,000	-1,250,000	-1,250,000	-1,250,000	-3,941,000	-7,883,000	-3,942,000			-7,882,000	-2,679,000
borrowing on revolver
repayment of convertible notes
proceeds from senior notes offering																		0	0
repayment of senior notes
payment of deferred financing costs																						0	0			-5,000	-6,938,000	-23,000	-253,000					-2,000	0	-15,000	-980,000	-37,000				-92,000	-276,000	-1,578,000	-33,000	-13,000	-89,000	-3,000	-1,000
proceeds from exercise of common stock options						0	0			0	270,000	651,000	492,000	0	14,000			48,000	325,000	383,000	4,194,000
cash and cash equivalents at end of year
amortization deferred debt financing costs					794,000
repayments of convertible notes										0	0	0	-172,500,000
payment of contingent consideration from a business acquisition								-1,060,000	-3,500,000		-30,000	-30,000	-1,370,000		0	-1,000,000	-3,780,000		-600,000			0	0	0	-2,000,000	0	0	0	-4,416,000
amortization of convertible notes debt discount										249,000	249,000	250,000	324,000	452,000	475,000	475,000	449,000	2,459,000	1,885,000	1,874,000	1,769,000	1,885,000	1,797,000	1,782,000	1,723,000	1,898,000	1,741,000	1,711,000	1,671,000	1,390,000	1,630,000
proceeds from sale of property, equipment, facility and other
proceeds from convertible notes offering																														0	0
purchase of convertible notes hedges																														0	0
proceeds from sale of warrants																														0	0	0	18,147,000
increase in cash and cash equivalents												3,128,000	7,936,000	-30,422,000	-23,756,000			77,967,000	-13,520,000			-17,580,000	-48,715,000	16,539,000	-44,867,000	22,678,000	93,140,000	15,118,000	1,559,000			33,000	-2,696,000	-3,604,000	-5,235,000	687,000	4,470,000	4,972,000	1,442,000	-10,624,000	10,572,000	-1,323,000	-5,196,000			-2,589,000	-611,000	3,300,000	-11,000		5,132,000	3,923,000	1,021,000	-454,000	-507,000	151,000	694,000	310,000			2,893,000	1,054,000			94,000
other non-cash items											655,000	549,000	1,755,000		850,000	2,496,000	1,697,000		-248,000	297,000	1,595,000										-2,197,000	762,000	-1,304,000	-77,000	159,000	281,000	59,000	557,000	106,000	85,000	105,000	-470,000
purchases of intangible assets
payment of deferred financing costs and other																			-840,000						-57,000
decrease in cash and cash equivalents																	-59,003,000				-38,596,000																								-54,000
proceeds from sale of property and equipment and other investing activities												636,000	92,000
purchases of intangible assets and other investing activities												-22,000	-2,925,000
gain on sale of property, plant and equipment													-23,000
capital expenditures	-18,926,000	0	-26,298,000	-18,275,000	-20,171,000	0	-17,853,000	-16,916,000	-15,495,000	0	-10,939,000	-16,225,000	-20,266,000	-16,446,000	-18,970,000	-25,799,000	-18,668,000	-20,649,000	-17,810,000	-12,106,000	-14,239,000	-9,941,000	-10,854,000	-3,725,000	-7,580,000	-5,434,000	-4,050,000	-8,172,000	-10,005,000	-8,413,000	-12,006,000	-6,426,000	-7,641,000	-9,259,000	-4,464,000	-5,290,000	-3,484,000	-4,540,000	-4,796,000	-3,157,000	-2,913,000	-3,227,000	-1,496,000	-1,369,000	-1,866,000	-2,358,000			-914,000	-3,455,000	-1,690,000	-2,216,000	-1,308,000	-2,614,000	-3,088,000	-1,358,000	-835,000	-793,000			-194,000	-291,000	-198,000	-616,000	-251,000
free cash flows	-32,934,000	130,843,000	-17,194,000	131,115,000	19,906,000	102,651,000	33,679,000	120,566,000	19,681,000	114,842,000	104,540,000	163,076,000	-21,216,000	165,484,000	136,542,000	71,536,000	-41,707,000	84,064,000	50,862,000	16,347,000	36,053,000	37,454,000	62,532,000	22,483,000	5,584,000	64,943,000	24,169,000	57,758,000	17,879,000	64,187,000	24,190,000	58,983,000	18,167,000	58,091,000	8,678,000	25,026,000	-14,391,000	42,874,000	27,659,000	168,000	11,040,000	37,063,000	-3,519,000	28,835,000	-4,707,000	20,183,000			6,557,000	-2,476,000	4,728,000	11,679,000	-169,000	3,753,000	-2,773,000	11,188,000	934,000	1,496,000			809,000	7,368,000	3,439,000	-2,002,000	-2,402,000
trade receivables																					-76,350,000		-23,181,000	10,933,000	-66,453,000	50,127,000	-12,845,000	22,674,000	-54,188,000	55,412,000	65,000	19,083,000	-48,443,000	45,002,000	-4,447,000	215,000	-53,114,000	38,531,000	18,809,000	-20,868,000	-25,148,000	26,665,000	-5,094,000	19,137,000	-31,691,000	13,233,000	2,605,000	2,418,000	-20,198,000	12,834,000	-206,000	992,000	-15,097,000	15,381,000	-4,126,000	4,973,000	-15,194,000	8,713,000			-15,614,000	10,139,000	6,904,000	-4,275,000	-9,312,000
supplemental cash flow information:
increase in accrued capital expenditures																					-2,816,000
payments related to vesting of stock-based awards, net of shares tendered for taxes																						-831,000	-50,000	-113,000	-2,747,000	-21,000	-56,000	-81,000	-3,222,000	-39,000	-71,000	-2,000	-2,586,000
proceeds from sale of property, equipment and other investing activities																							-9,000	105,000	21,000		152,000	2,985,000	1,372,000
proceeds from issuance of senior notes
proceeds from exercise of stock options																							0							0				0	0	922,000	4,000
proceeds from public offering of common stock, net of expenses
provision for bad debts
business acquisitions																															-25,616,000	-168,575,000	-95,861,000	-154,590,000	-13,657,000	-73,500,000	-10,104,000	-26,764,000	-45,075,000	-30,621,000	-36,384,000	-1,008,000	-78,655,000	-20,934,000	-39,579,000	-9,474,000	-7,593,000			33,000				-20,039,000	-5,532,000	0	-3,691,000	-1,101,000
payment of deferred financing/debt issuance costs																															-216,000	-1,902,000	-5,367,000																		-4,000	-46,000	-50,000	-244,000	0	0	-13,000	-54,000			-617,000	-352,000	-15,000
non-cash interest expense																																	1,246,000
proceeds from convertible note offering																																	172,500,000
purchase of convertible note hedges																																	-31,481,000
realization of excess tax benefit on stock-based compensation																																							48,000	266,000	942,000	67,000	-135,000	11,000	1,204,000	0	0	34,000	1,037,000	46,000	0
proceeds from sale of property and equipment																																			134,000	53,000	4,000		40,000	22,000	179,000		83,000						19,000				481,000
payments related to vesting of share-based awards, net of shares tendered for tax																																			-17,000	0	-3,025,000
proceeds from equity offering of common stock, net of expenses																																			0	0	93,622,000
proceeds from sale of property, equipment and facility																																													26,000	16,000	60,000				20,000										24,000				4,026,000
depreciation																																							2,873,000	2,677,000	2,444,000	2,192,000	1,977,000	1,928,000	1,891,000	1,674,000	1,594,000	1,364,000	1,324,000	1,298,000	1,138,000	1,202,000	1,288,000	1,362,000	812,000	777,000	1,112,000	1,039,000	1,008,000	1,023,000	1,017,000	1,063,000	1,104,000	1,096,000	1,143,000
amortization of intangible assets																																							3,687,000	3,225,000	2,768,000	2,792,000	2,354,000	1,982,000	1,659,000	1,441,000	1,408,000	841,000	787,000	783,000	548,000	521,000	519,000	531,000	342,000	334,000	316,000	291,000	195,000	171,000	172,000	187,000	125,000	126,000	126,000
deferred financing cost amortization																																							162,000	146,000	145,000								87,000
loss on sale of fixed assets																																							6,000	3,000	38,000
change in operating assets and liabilities, net of effects of acquisitions:
prepaid expenses and other																																							-296,000	-934,000	2,617,000	-2,579,000	-366,000	-431,000	3,841,000	-2,903,000	-438,000	-603,000	2,423,000	-662,000	-1,633,000	-411,000	1,130,000	-42,000	49,000	-253,000	199,000	-460,000	32,000	48,000	467,000	-368,000	-129,000	-270,000	460,000
accounts payable and accrued liabilities																																							2,225,000	2,213,000	18,938,000	-10,126,000	-5,524,000	-6,020,000	12,124,000	-7,227,000	-2,826,000	-2,994,000	17,672,000	-18,352,000	846,000	4,907,000	8,951,000	-9,119,000	808,000	4,000,000	9,499,000	-9,036,000	2,429,000	-6,395,000	15,469,000	-6,084,000	-4,787,000	3,014,000	9,170,000
payments on deferred compensation obligations																																							-75,000	-88,000	-75,000	-89,000	-81,000	-94,000	-80,000	-93,000	-76,000	-88,000	-76,000	-92,000	-93,000	-108,000	-92,000	-109,000	-92,000	-104,000	-87,000	-118,000			-115,000	-109,000	-114,000	-92,000	-106,000
proceeds from exercise of stock options, including tax benefit																																							2,000			0	1,845,000	0	16,000	0	0	0	26,000	0	4,000			215,000	105,000					12,000	9,000
payment of deferred fnancing costs
change in operating assets and liabilities, net of the effects of acquisitions:
borrowings on revolver and term loan																																											77,500,000
payments on term loan
deferred compensation expense																																												81,000	83,000	-114,000	82,000	82,000	83,000	136,000	114,000	58,000	59,000	19,000	58,000	59,000	58,000	46,000	59,000	59,000	58,000	45,000	59,000	58,000	64,000
decrease in cash surrender value of life insurance																																												-28,000	23,000		-25,000	22,000	23,000		23,000	22,000	23,000				22,000		45,000	45,000	45,000	-124,000			45,000
deferred financing amortization																																												114,000	101,000		93,000				117,000	109,000	86,000	104,000	144,000	145,000	150,000	161,000	149,000	336,000	349,000	418,000	375,000	375,000	367,000
payments on capital lease obligations																																												-23,000	-29,000	-39,000	-36,000	-37,000	-36,000
gain on sale of fixed assets																																													-6,000				-13,000			-426,000	-4,000								-24,000	-72,000	26,000	-29,000	-2,791,000
long-term debt borrowings (payments)																																													48,705,000			54,291,000	-7,606,000	-8,000,000
reduction of tax valuation allowance
loss on sale of fixed assets and acquisition of business
stock warrants revaluation																																																						0	-73,000	134,000	1,670,000	775,000			270,000	-69,000	-127,000	-347,000	282,000
increase in cash surrender value of life insurance
amortization of debt discount																																																									49,000
long-term debt borrowings																																														-6,207,000							4,382,000				3,430,000
short-term debt payments
change in operating assets and liabilities, net of acquisitions:
net cash provided by operating activities
net cash used in investing activities
change in operating assets and liabilities:
gain on sale of fixed assets and acquisition of business																																																						-1,000	-234,000			19,000
interest paid-in-kind																																																										0	0	4,000	112,000	138,000	148,000	149,000	190,000
amortization of loss on interest rate swap agreements																																																										0	0	0	677,000	80,000	79,000	80,000	79,000
change in fair value of derivative financial instruments																																																										0			-106,000	-309,000	8,000	-70,000	76,000
short-term debt borrowings (payments)
proceeds from life insurance policy loans																																																										26,000	-26,000	0	2,762,000
payment on termination of interest rate swap agreements																																																										0			-1,137,000
reversal of tax valuation allowance																																																							0
gain on sale of fixed assets & acquisition of business
stock repurchases																																																			0	-2,511,000	-3,567,000
long-term debt payments																																																										-100,000
amortization of debt discount and bond costs																																																						685,000				50,000	30,000
proceeds from sale of property, equipment and facilities																																																						-24,000	55,000			14,000	18,000			8,000	104,000
insurance premiums paid																																																							-29,000						-7,000	-54,000	-30,000	-7,000	-6,000
short-term debt borrowings
gain on divestitures
proceeds from sale of businesses and related facilities
proceeds from exercise of warrants to purchase common stock																																																											0
acquisitions																																																														-86,000
borrowings under long-term debt agreements																																																													1,050,000
short-term borrowings (payments)																																																														-3,750,000	2,000,000	3,000,000	4,500,000
principal payments on long-term debt																																																														-2,098,000	-1,292,000	-5,091,000	-4,026,000
see accompanying notes to condensed consolidated financial statements.
restructuring charges
goodwill impairment
intangible assets impairments
fixed asset impairments
adjustment to carrying value of assets held for sale
income taxes receivable
proceeds from life insurance
proceeds from private placement of common stock, net of expenses
proceeds from rights offering, net of expenses
adjustments to reconcile net income to net cash from
(used in) operating activities:
adjustments to reconcile net income to net cash used in operating activities:
(increase) decrease in cash surrender value of life insurance
proceeds from sale of american hardwoods operation and facility
acquisition of quality hardwoods																																																																0	-2,014,000
increase (decrease) in cash and cash equivalents
gain from divestitures
proceeds from sale of american hardwoods operation
net loss
adjustments to reconcile net loss to net cash from operating activities:
proceeds from sale of aluminum extrusion operation
acquisition of american hardwoods
acquisition of adorn, llc, net of cash acquired
see accompanying notes to consolidated financial statements.
amortization
gain on sale of american hardwoods
decrease in:
increase in:

Patrick Industries, Inc(NASDAQ:PATK)

Patrick Industries, Inc
(NASDAQ:PATK)