XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 5,294,635 $ 4,464,714
Cost of goods sold 3,468,688 2,923,899
Gross profit 1,825,947 1,540,815
Operating expenses:    
Selling, administrative and other expenses 1,403,979 1,195,164
Depreciation and amortization 87,369 72,296
Provision for doubtful accounts 4,494 4,909
Total operating expenses 1,495,842 1,272,369
Non-operating expense (income):    
Interest expense, net 19,850 18,324
Other (15,461) (35,737)
Total non-operating expense (income) 4,389 (17,413)
Income before income taxes 325,716 285,859
Income taxes 79,878 68,149
Net income $ 245,838 $ 217,710
Dividends declared per common share (usd per share) $ 0.8950 $ 0.8150
Basic earnings per share (in dollars per share) 1.73 1.51
Diluted earnings per share (in dollars per share) $ 1.72 $ 1.50
Weighted average common shares outstanding (in shares) 141,916 144,413
Dilutive effect of stock options and non-vested restricted stock awards (in shares) 926 887
Weighted average common shares outstanding - assuming dilution (in shares) 142,842 145,300