XML 48 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Quarterly Results (Tables)
 12 Months Ended
Dec. 31, 2011
Summary of Quarterly Results [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The following table presents the Company's quarterly financial information for 2011 and 2010 (in thousands, except per share data):

 
First
 
Second
 
Third
 
Fourth
 
Full
2011
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Year
Net sales
$
1,525,571

 
$
1,555,906

 
$
1,544,360

 
$
1,557,085

 
$
6,182,922

Cost of sales
1,190,612

 
1,219,513

 
1,198,299

 
1,197,401

 
4,805,825

Gross profit
334,959

 
336,393

 
346,061

 
359,684

 
1,377,097

Selling, general and administrative expenses
190,166

 
192,474

 
191,293

 
199,902

 
773,835

Provision for doubtful accounts
24,530

 
24,357

 
24,255

 
25,410

 
98,552

Settlement, litigation and other related charges
6,013

 
19,816

 
6,742

 
23,103

 
55,674

Other miscellaneous charges
1,889

 
2,332

 
6,718

 
5,154

 
16,093

Operating income
112,361

 
97,414

 
117,053

 
106,115

 
432,943

Investment income
296

 
255

 
21

 
10

 
582

Interest expense
(28,805
)
 
(27,996
)
 
(49,840
)
 
(29,864
)
 
(136,505
)
Amortization of discount on convertible notes
(5,873
)
 
(5,989
)
 
(6,107
)
 
(6,226
)
 
(24,195
)
Income from continuing operations before income taxes
77,979

 
63,684

 
61,127

 
70,035

 
272,825

Income tax provision
28,824

 
27,403

 
23,343

 
31,723

 
111,293

Income from continuing operations
49,155

 
36,281

 
37,784

 
38,312

 
161,532

Loss from discontinued operations
(19,851
)
 
(37,728
)
 
(9,900
)
 
(7,129
)
 
(74,608
)
Net income (loss)
$
29,304

 
$
(1,447
)
 
$
27,884

 
$
31,183

 
$
86,924

Earnings (loss) per common share - Basic:(a)
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.43

 
$
0.32

 
$
0.34

 
$
0.34

 
$
1.43

Discontinued operations
(0.17
)
 
(0.33
)
 
(0.09
)
 
(0.06
)
 
(0.66
)
Net income (loss)
$
0.26

 
$
(0.01
)
 
$
0.25

 
$
0.28

 
$
0.77

Earnings (loss) per common share - Diluted:(a)
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.43

 
$
0.32

 
$
0.33

 
$
0.34

 
$
1.41

Discontinued operations
(0.17
)
 
(0.33
)
 
(0.09
)
 
(0.06
)
 
(0.65
)
Net income (loss)
$
0.26

 
$
(0.01
)
 
$
0.24

 
$
0.27

 
$
0.76

Dividends per common share
$
0.0325

 
$
0.0400

 
$
0.0400

 
$
0.0400

 
$
0.1525

Weighted average number of common shares outstanding:
 

 
 

 
 

 
 

 
 

Basic
114,129

 
113,487

 
112,729

 
111,687

 
113,000

Diluted
115,064

 
114,701

 
114,644

 
114,344

 
114,781

Comprehensive income (loss)
$
25,925

 
$
(981
)
 
$
24,002

 
$
32,006

 
$
80,952


 
First
 
Second
 
Third
 
Fourth
 
Full
2010
Quarter
 
Quarter
 
Quarter
 
Quarter
 
Year
Net sales
$
1,492,371

 
$
1,491,425

 
$
1,516,207

 
$
1,530,667

 
$
6,030,670

Cost of sales
1,151,027

 
1,164,170

 
1,182,815

 
1,196,428

 
4,694,440

Gross profit
341,344

 
327,255

 
333,392

 
334,239

 
1,336,230

Selling, general and administrative expenses
182,771

 
185,919

 
190,745

 
188,173

 
747,608

Provision for doubtful accounts
21,942

 
20,986

 
22,376

 
71,326

 
136,630

Settlement, litigation and other related charges
5,506

 
29,361

 
36,731

 
42,111

 
113,709

Other miscellaneous charges
5,765

 
5,285

 
72,782

 
65,297

 
149,129

Operating income (loss)
125,360

 
85,704

 
10,758

 
(32,668
)
 
189,154

Investment income
1,664

 
1,105

 
4,096

 
2,745

 
9,610

Interest expense
(28,608
)
 
(39,712
)
 
(30,975
)
 
(36,425
)
 
(135,720
)
Amortization of discount on convertible notes
(7,331
)
 
(7,473
)
 
(7,615
)
 
(7,117
)
 
(29,536
)
Income (loss) from continuing operations before income taxes
91,085

 
39,624

 
(23,736
)
 
(73,465
)
 
33,508

Income tax provision
33,644

 
15,879

 
(14,100
)
 
(16,379
)
 
19,044

Income (loss) from continuing operations
57,441

 
23,745

 
(9,636
)
 
(57,086
)
 
14,464

Loss from discontinued operations
(6,589
)
 
(12,146
)
 
(93,630
)
 
(8,208
)
 
(120,573
)
Net income (loss)
$
50,852

 
$
11,599

 
$
(103,266
)
 
$
(65,294
)
 
$
(106,109
)
Earnings (loss) per common share - Basic:(a)
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.49

 
$
0.20

 
$
(0.08
)
 
$
(0.50
)
 
$
0.12

Discontinued operations
(0.06
)
 
(0.10
)
 
(0.81
)
 
(0.07
)
 
(1.04
)
Net income (loss)
$
0.43

 
$
0.10

 
$
(0.89
)
 
$
(0.57
)
 
$
(0.91
)
Earnings (loss) per common share - Diluted:(a)
 

 
 

 
 

 
 

 
 

Continuing operations
$
0.49

 
$
0.20

 
$
(0.08
)
 
$
(0.50
)
 
$
0.13

Discontinued operations
(0.06
)
 
(0.10
)
 
(0.81
)
 
(0.07
)
 
(1.03
)
Net income (loss)
$
0.43

 
$
0.10

 
$
(0.89
)
 
$
(0.57
)
 
$
(0.91
)
Dividends per common share
$
0.0225

 
$
0.0225

 
$
0.0325

 
$
0.0325

 
$
0.11

Weighted average number of common shares outstanding:
 

 
 

 
 

 
 

 
 

Basic
117,763

 
117,434

 
115,554

 
114,685

 
116,348

Diluted
118,455

 
118,116

 
115,554

 
114,685

 
116,927

Comprehensive income (loss)
$
51,877

 
$
9,310

 
$
(69,432
)
 
$
(67,310
)
 
$
(75,555
)