XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 1,274,494 $ 1,275,710 $ 2,524,979 $ 2,547,357
Cost of goods sold 1,072,558 1,087,451 2,134,518 2,178,169
Gross profit 201,936 188,259 390,461 369,188
Operating expenses:        
Warehousing, marketing and administrative expenses 143,009 137,935 306,293 287,272
Operating income 58,927 50,324 84,168 81,916
Interest expense, net 2,856 7,070 5,969 14,236
Income before income taxes 56,071 43,254 78,199 67,680
Income tax expense 21,401 16,225 29,655 25,539
Net income $ 34,670 $ 27,029 $ 48,544 $ 42,141
Net income per share-basic:        
Net income per share-basic $ 0.87 $ 0.67 $ 1.22 $ 1.03
Average number of common shares outstanding-basic 39,762 40,223 39,867 40,899
Net income per share-diluted:        
Net income per share-diluted $ 0.86 $ 0.66 $ 1.20 $ 1.01
Average number of common shares outstanding-diluted 40,328 40,887 40,475 41,626
Dividends declared per share $ 0.14 $ 0.13 $ 0.28 $ 0.26