XML 106 R92.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Results of Operations (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 995,703 $ 1,266,930 $ 1,021,814 $ 805,407 $ 805,891 $ 1,139,643 $ 874,642 $ 792,738 $ 4,089,854 $ 3,612,914 $ 3,763,971
Gross profit 158,802 212,559 165,189 124,566 110,013 181,939 127,707 113,877 661,116 533,536 554,126
Net income $ 146,119 [1] $ 72,382 [1] $ 27,926 [1] $ 23,232 [1] $ 23,694 [2] $ 69,770 [2] $ 33,315 [2] $ 26,572 [2] $ 269,659 $ 153,351 $ 172,413
Basic net income per share (in dollars per share) $ 1.32 [1],[3] $ 0.66 [1],[3] $ 0.25 [1],[3] $ 0.21 [1],[3] $ 0.20 [2],[3] $ 0.58 [2],[3] $ 0.28 [2],[3] $ 0.22 [2],[3] $ 2.44 [4] $ 1.28 [4] $ 1.41 [4]
Diluted net income per share (in dollars per share) 1.31 [1],[3] 0.65 [1],[3] 0.25 [1],[3] 0.21 [1],[3] 0.20 [2],[3] 0.57 [2],[3] 0.27 [2],[3] 0.22 [2],[3] 2.42 [4] 1.27 [4] 1.41 [4]
Dividends per share (in dollars per share) $ 0.09 $ 0.09 $ 0.09 $ 0.09 $ 0.085 $ 0.085 $ 0.085 $ 0.085 $ 0.36 [4] $ 0.34 [4] $ 0.32 [4]
Rationalization charges $ 1,300 [1] $ 600 [1] $ 3,000 [1] $ 900 [1] $ 5,100 [2] $ 7,800 [2] $ 5,000 [2] $ 1,100 [2] $ 5,826 $ 19,061 $ 14,407
Operating Income (Loss)                 356,990 299,730 319,812
Loss on early extinguishment of debt     4,400 2,700         7,052 0 0
Income tax benefit from impact of 2017 Tax Act 110,900                    
Business Combination, Acquisition Related Costs $ 900 $ 800 $ 9,800 $ 13,200 $ 1,400            
Corporate Segment [Member]                      
Net sales                 0 0 0
Rationalization charges                   0 0
Operating Income (Loss)                 (43,027) [5] (20,003) [5] $ (16,200)
Business Combination, Acquisition Related Costs                 $ 24,700 $ 1,400  
[1] The first, second, third and fourth quarters of 2017 include rationalization charges of $0.9 million, $3.0 million, $0.6 million and $1.3 million, respectively. The first, second, third and fourth quarters of 2017 includes costs attributed to announced acquisitions of $13.2 million, $9.8 million, $0.8 million and $0.9 million, respectively. The first and second quarters of 2017 include a loss on early extinguishment of debt of $2.7 million and $4.4 million, respectively. The fourth quarter of 2017 includes the benefit from effective tax rate adjustments totaling $110.9 million primarily related to the remeasurement of net deferred tax liabilities to reflect the lower future cash tax obligations as a result of the reduction in the federal corporate tax rate under the 2017 Tax Act.
[2] The first, second, third and fourth quarters of 2016 include rationalization charges of $1.1 million, $5.0 million, $7.8 million and $5.1 million, respectively. The fourth quarter of 2016 includes costs attributed to announced acquisitions of $1.4 million.
[3] Net income per share data is computed independently for each of the periods presented. Accordingly, the sum of the quarterly earnings per share amounts may not equal the total for the year.
[4] Per share amounts for 2016 and 2015 have been retroactively adjusted for the two-for-one stock split discussed in Note 1.
[5] Corporate includes costs attributed to announced acquisitions of $24.7 million and $1.4 million in 2017 and 2016, respectively.