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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jul. 01, 2017
Apr. 01, 2017
Dec. 31, 2017
Sales $ 6,875,613 [1] $ 7,539,449 $ 6,856,108 $ 6,422,226 $ 5,736,780 [1] $ 26,554,563
Cost of sales 6,006,669 6,610,269 6,013,541 5,598,202 4,975,583 23,197,595
Gross Profit 868,944       761,197  
Operating expenses:            
Selling, general, and administrative expenses 562,969       515,526  
Depreciation and amortization 47,247       37,141  
Loss on disposition of businesses, net 1,562       0  
Restructuring, integration, and other charges 21,171       15,505  
Total operating expenses 632,949       568,172  
Operating income 235,995 286,824 235,441 230,446 193,025 945,736
Equity in earnings (losses) of affiliated companies (673)       925  
Gain (loss) on investments, net (2,452)       1,982  
Post-retirement expense 1,231       1,800  
Interest and other financing expense, net 45,179       38,249  
Income before income taxes 186,460       155,883  
Provision for income taxes 46,590       39,564  
Consolidated net income 139,870       116,319  
Noncontrolling interests 776       1,582  
Net income attributable to shareholders $ 139,094 $ 53,653 $ 134,064 $ 99,722 $ 114,737 $ 402,176
Net income per share:            
Basic $ 1.58       $ 1.29  
Diluted [2] $ 1.56       $ 1.27  
Weighted-average shares outstanding:            
Basic 87,955       89,262  
Diluted 89,035       90,541  
[1] Includes sales related to the United States of $2,649,668 and $2,342,128 for the first quarter of 2018 and 2017, respectively.
[2] Stock-based compensation awards for the issuance of 415 and 244 for the first quarter of 2018 and 2017, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.