XML 29 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 3,940,401 $ 3,908,387 $ 7,676,452 $ 7,533,284
Cost of goods sold 2,762,071 2,729,219 5,385,303 5,269,486
Gross profit 1,178,330 1,179,168 2,291,149 2,263,798
Operating expenses:        
Selling, administrative, and other expenses 832,610 832,205 1,658,164 1,636,006
Depreciation and amortization 35,603 36,783 71,487 73,640
Total operating expenses 868,213 868,988 1,729,651 1,709,646
Income before income taxes 310,117 310,180 561,498 554,152
Income taxes 114,744 112,453 205,115 198,941
Net income $ 195,373 $ 197,727 $ 356,383 $ 355,211
Basic net income per common share $ 1.28 $ 1.29 $ 2.34 $ 2.31
Diluted net income per common share 1.28 1.28 2.33 2.30
Dividends declared per common share $ 0.615 $ 0.575 $ 1.230 $ 1.150
Weighted average common shares outstanding 152,134 153,463 152,394 153,595
Dilutive effect of stock options and non-vested restricted stock awards 855 1,069 880 1,063
Weighted average common shares outstanding - assuming dilution 152,989 154,532 153,274 154,658
Comprehensive income $ 213,554 $ 240,074 $ 267,093 $ 401,451