
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
	(In thousands, except per share amounts)
Year Ended December 31, 2014:
Net sales	$	946,177		$	1,062,252		$	2,021,424	$	1,993,966
Gross profit		481,531			492,570			1,021,138		1,005,783
Advertising and promotion expenses		90,834			99,853			218,746		323,810
Other selling and administrative expenses		384,479			391,709			392,913		444,964
Operating income		6,218			1,008			409,479		237,009
(Loss) Income before income taxes		(9,421	)		(14,371	)		394,180		216,522
Net (loss) income (a)		(11,218	)		28,325			331,836		149,931
Net (loss) income per common share—basic	$	(0.03	)	$	0.08		$	0.97	$	0.44
Weighted average number of common shares		340,226			338,709			338,728		338,416
Net (loss) income per common share—diluted	$	(0.03	)	$	0.08		$	0.97	$	0.44
Weighted average number of common and potential common shares		340,226			340,644			340,329		339,506
Dividends declared per common share	$	0.38		$	0.38		$	0.38	$	0.38
Common stock market price:
High	$	47.39		$	40.32		$	39.79	$	31.86
Low		35.24			37.47			30.48		28.78
Year Ended December 31, 2013:
Net sales	$	995,606		$	1,169,109		$	2,206,961	$	2,113,216
Gross profit		540,051			600,008			1,187,980		1,150,844
Advertising and promotion expenses		104,540			113,403			249,386		282,876
Other selling and administrative expenses		369,680			391,815			410,419		388,661
Operating income		65,831			94,790			528,175		479,307
Income before income taxes		44,165			78,729			514,343		461,891
Net income (a)		38,511			73,348			422,836		369,249
Net income per common share—basic	$	0.11		$	0.21		$	1.22	$	1.08
Weighted average number of common shares		344,315			346,614			343,279		339,402
Net income per common share—diluted	$	0.11		$	0.21		$	1.21	$	1.07
Weighted average number of common and potential common shares		348,795			350,424			346,695		343,237
Dividends declared per common share	$	0.36		$	0.36		$	0.36	$	0.36
Common stock market price:
High	$	43.77		$	46.79		$	47.08	$	47.82
Low		35.70			42.64			40.39		40.39

(a)

Net loss for the first quarter of 2014 included $3.7 million of net tax expense primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the second and third quarters of 2014 included net tax benefits of $40.1 million and $15.1 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the fourth quarter of 2014 included net tax expense of $8.9 million, primarily related to a tax charge related to a 2014 tax restructuring for the HIT Entertainment and MEGA Brands operations, partially offset by reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions around the world, settlements, and enacted tax law changes. Net income for the first quarter of 2013 included $4.0 million of net tax benefits primarily related to enacted tax law changes. Net income for the second and third quarter of 2013 included net tax benefits of $11.2 million and $17.0 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes.