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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 4,586,294 $ 3,905,641
Cost of goods sold 3,150,487 2,749,920
Gross profit 1,435,807 1,155,721
Operating expenses:    
Selling, administrative and other expenses 1,133,771 877,356
Depreciation and amortization 58,363 38,132
Provision for doubtful accounts 2,701 3,128
Total operating expenses 1,194,835 918,616
Non-operating expenses (income):    
Interest expense 24,109 6,779
Other (12,456) (13,449)
Total non-operating expenses (income) 11,653 (6,670)
Income before income taxes 229,319 243,775
Income taxes 52,743 83,615
Net income $ 176,576 $ 160,160
Basic net income per common share (usd per share) $ 1.20 $ 1.08
Diluted net income per common share (usd per share) 1.20 1.08
Dividends declared per common share (usd per share) $ 0.72 $ 0.675
Weighted average common shares outstanding (in shares) 146,727 148,154
Dilutive effect of stock options and non-vested restricted stock awards (in shares) 595 634
Weighted average common shares outstanding - assuming dilution (in shares) 147,322 148,788
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustment $ 42,880 $ 57,020
Net investment hedge, net of income taxes of 2018 — $6,180 (16,710) 0
Pension and postretirement benefit adjustments, net of income taxes of 2018 — $2,648; 2017 — $3,571 7,164 5,732
Other comprehensive income, net of tax 33,334 62,752
Comprehensive income $ 209,910 $ 222,912