XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 3,899,638 $ 3,940,401 $ 7,617,905 $ 7,676,452
Cost of goods sold 2,734,186 2,762,071 5,347,982 5,385,303
Gross profit 1,165,452 1,178,330 2,269,923 2,291,149
Operating expenses:        
Selling, administrative and other expenses 829,489 832,610 1,652,661 1,658,164
Depreciation and amortization 35,911 35,603 70,565 71,487
Total operating expenses 865,400 868,213 1,723,226 1,729,651
Income before income taxes 300,052 310,117 546,697 561,498
Income taxes 108,683 114,744 197,303 205,115
Net income $ 191,369 $ 195,373 $ 349,394 $ 356,383
Basic net income per common share (usd per share) $ 1.28 $ 1.28 $ 2.34 $ 2.34
Diluted net income per common share (usd per share) 1.28 1.28 2.33 2.33
Dividends declared per common share (usd per share) $ 0.6575 $ 0.615 $ 1.315 $ 1.230
Weighted average common shares outstanding (in shares) 149,241 152,134 149,417 152,394
Dilutive effect of stock options and non-vested restricted stock awards (in shares) 788 855 761 880
Weighted average common shares outstanding - assuming dilution (in shares) 150,029 152,989 150,178 153,274
Comprehensive income $ 171,723 $ 213,554 $ 397,847 $ 267,093