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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information (Unaudited)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share amounts)
Year Ended December 31, 2019
 
 
 
 
 
 
 
Net sales
$
689,246

 
$
860,063

 
$
1,481,557

 
$
1,473,705

Cost of sales
449,456

 
518,679

 
795,130

 
760,527

Gross profit
239,790

 
341,384

 
686,427

 
713,178

Advertising and promotion expenses
69,465

 
84,489

 
170,379

 
227,184

Other selling and administrative expenses
297,336

 
308,311

 
365,961

 
418,414

Operating (loss) income
(127,011
)
 
(51,416
)
 
150,087

 
67,580

(Loss) income before income taxes
(173,601
)
 
(95,824
)
 
101,955

 
9,182

Net (loss) income (a)
(176,296
)
 
(107,987
)
 
70,596

 
175

Net (loss) income (a) per common share - basic
$
(0.51
)
 
$
(0.31
)
 
$
0.20

 
$
0.00

Weighted average number of common shares
345,852

 
345,941

 
346,698

 
346,727

Net (loss) income per common share - diluted
$
(0.51
)
 
$
(0.31
)
 
$
0.20

 
$
0.00

Weighted average number of common and potential common shares
345,852

 
345,941

 
348,487

 
348,268

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share amounts)
Year Ended December 31, 2018
 
Net sales
$
708,372

 
$
844,706

 
$
1,437,451

 
$
1,524,281

Cost of sales
489,499

 
587,546

 
824,395

 
814,687

Gross profit
218,873

 
257,160

 
613,056

 
709,594

Advertising and promotion expenses
70,837

 
82,393

 
165,308

 
205,750

Other selling and administrative expenses
424,617

 
360,000

 
325,874

 
398,253

Operating (loss) income
(276,581
)
 
(185,233
)
 
121,874

 
105,591

(Loss) income before income taxes
(313,905
)
 
(230,064
)
 
72,592

 
54,274

Net (loss) income (a)
(311,253
)
 
(237,963
)
 
6,278

 
9,639

Net (loss) income (a) per common share - basic
$
(0.90
)
 
$
(0.69
)
 
$
0.02

 
$
0.03

Weighted average number of common shares
344,434

 
344,584

 
345,285

 
345,720

Net (loss) income (a) per common share - diluted
$
(0.90
)
 
$
(0.69
)
 
$
0.02

 
$
0.03

Weighted average number of common and potential common shares
344,434

 
344,584

 
345,672

 
345,846