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Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The following table summarizes the unaudited quarterly results of operations for the years ended December 31, 2013 and 2012.
 
 
2013 Quarters
 
2012 Quarters
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth(1)
 
(In thousands, except per share amounts)
Net sales
$
494,448

 
$
518,445

 
$
490,617

 
$
520,620

 
$
489,417

 
$
494,144

 
$
479,859

 
$
490,838

Gross profit
211,997

 
222,849

 
211,509

 
227,009

 
202,889

 
203,113

 
194,840

 
202,858

Operating income (loss)
94,712

 
99,559

 
97,369

 
103,873

 
84,569

 
88,650

 
80,588

 
(125,589
)
Net income (loss)
61,300

 
62,561

 
63,799

 
67,555

 
52,171

 
54,351

 
50,127

 
(119,019
)
Basic EPS
$
0.74

 
$
0.76

 
$
0.78

 
$
0.83

 
$
0.63

 
$
0.65

 
$
0.60

 
$
(1.45
)
Diluted EPS
$
0.74

 
$
0.76

 
$
0.78

 
$
0.82

 
$
0.62

 
$
0.65

 
$
0.60

 
$
(1.45
)
Basic weighted average shares outstanding
82,197

 
81,829

 
81,259

 
80,782

 
82,804

 
83,180

 
82,482

 
82,296

Diluted weighted average shares outstanding
83,152

 
82,734

 
82,218

 
81,854

 
83,902

 
84,090

 
83,370

 
82,296

 
(1)
Fourth quarter 2012 includes a $198.5 million asset impairment charge.