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Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

19.Unaudited Quarterly Financial Information

The unaudited quarterly results of operations are prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results of operations for the periods presented.  Adjustments are of a normal, recurring nature, except as discussed in the accompanying notes.  Due to rounding differences, the sum of the quarterly amounts may not add precisely to the annual amounts.

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Full

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,044.7

 

 

$

1,079.4

 

 

$

1,089.4

 

 

$

1,144.2

 

 

$

4,357.7

 

Gross Profit

 

 

470.8

 

 

 

481.5

 

 

 

507.7

 

 

 

524.0

 

 

 

1,984.0

 

Income from Operations

 

 

240.8

 

 

 

187.4

 

 

 

216.8

 

 

 

195.2

 

 

 

840.2

 

Net Income

 

 

175.7

 

 

 

138.5

 

 

 

157.3

 

 

 

144.4

 

 

 

615.9

 

Net Income per Share-Basic

 

$

0.71

 

 

$

0.56

 

 

$

0.64

 

 

$

0.59

 

 

$

2.50

 

Net Income per Share-Diluted

 

$

0.70

 

 

$

0.55

 

 

$

0.62

 

 

$

0.58

 

 

$

2.44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,006.0

 

 

$

1,027.9

 

 

$

1,037.6

 

 

$

1,074.4

 

 

$

4,145.9

 

Gross Profit

 

 

451.5

 

 

 

454.9

 

 

 

460.1

 

 

 

474.3

 

 

 

1,840.8

 

Income from Operations

 

 

220.3

 

 

 

173.8

 

 

 

204.2

 

 

 

193.4

 

 

 

791.7

 

Net Income

 

 

157.8

 

 

 

121.7

 

 

 

146.3

 

 

 

142.8

 

 

 

568.6

 

Net Income per Share-Basic

 

$

0.64

 

 

$

0.50

 

 

$

0.60

 

 

$

0.58

 

 

$

2.32

 

Net Income per Share-Diluted

 

$

0.63

 

 

$

0.49

 

 

$

0.58

 

 

$

0.57

 

 

$

2.27