v3.26.3
Segment Information
 9 Months Ended
Sep. 27, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates as one operating segment. The Company’s consolidated results represent the results of its one operating segment based on how the Company’s CODM, its Chairman and Chief Executive Officer, views the business for purposes of evaluating performance and making operating decisions.
The CODM reviews financial information on a consolidated basis and uses the segment performance measure of consolidated Net income to assess financial performance of the Company and determine how to allocate resources of the Company as a whole. Consolidated Net income is used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow consolidated Net income and the allocation of budgets between the significant segment expenses within Cost of goods sold and Selling, general and administrative expenses. The CODM does not regularly review asset information and therefore, the Company does not report asset information beyond what is disclosed in the Consolidated Balance Sheets.
The following table presents selected financial information with respect to the Company’s single operating segment (in millions):
Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net sales$1,291.1 $1,258.2 $3,761.9 $3,659.2 
Less:
Cost of goods sold:
Inventory costs, net of supplier incentives and discounts751.5 748.4 2,194.5 2,185.0 
Freight, handling, and distribution expenses(a)
58.4 51.0 163.6 136.1 
Other Cost of goods sold(b)(c)
22.7 21.6 62.0 59.7 
Selling, general and administrative expenses:
Compensation expenses213.3 208.1 640.1 616.0 
Facility expenses65.0 61.0 192.5 182.1 
Depreciation and amortization expenses33.7 33.8 101.5 101.1 
Delivery expenses20.2 18.9 58.7 55.5 
Other Selling, general and administrative expenses(d)
36.5 35.6 96.5 95.0 
Other income(6.0)(5.4)(15.0)(14.4)
Interest and other non-operating expenses, net9.5 9.1 27.5 26.8 
Income tax expense22.4 15.5 60.9 51.1 
Net income$63.9 $60.6 $179.1 $165.2 
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(a)    Includes depreciation and amortization expenses of $0.3 million and $0.6 million for the three and nine months ended September 27, 2026 and zero for the three and nine months ended September 28, 2025, respectively.
(b)    Includes depreciation and amortization expenses of $1.5 million and $4.7 million for the three and nine months ended September 27, 2026 and $1.6 million and $5.0 million for the three and nine months ended September 28, 2025, respectively.
(c)    Primarily includes inventory production, obsolescence, and customer program costs.
(d)    Primarily includes professional and legal-related fees, credit card processing, information technology, marketing, and insurance expenses, partially offset by capitalization of overhead expenses.