XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 4,100,178 $ 3,899,638 $ 8,005,819 $ 7,617,905
Cost of goods sold 2,860,466 2,734,186 5,610,386 5,347,982
Gross profit 1,239,712 1,165,452 2,395,433 2,269,923
Operating expenses:        
Selling, administrative and other expenses 903,343 829,489 1,777,157 1,652,661
Depreciation and amortization 39,232 35,911 77,364 70,565
Total operating expenses 942,575 865,400 1,854,521 1,723,226
Income before income taxes 297,137 300,052 540,912 546,697
Income taxes 107,165 108,683 190,780 197,303
Net income $ 189,972 $ 191,369 $ 350,132 $ 349,394
Basic net income per common share (usd per share) $ 1.29 $ 1.28 $ 2.37 $ 2.34
Diluted net income per common share (usd per share) 1.29 1.28 2.36 2.33
Dividends declared per common share (usd per share) $ 0.675 $ 0.6575 $ 1.350 $ 1.315
Weighted average common shares outstanding (in shares) 147,079 149,241 147,613 149,417
Dilutive effect of stock options and non-vested restricted stock awards (in shares) 571 788 598 761
Weighted average common shares outstanding - assuming dilution (in shares) 147,650 150,029 148,211 150,178
Comprehensive income $ 218,852 $ 171,723 $ 441,764 $ 397,847