XML 73 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
NET SALES $ 693,722 $ 687,199 $ 1,320,512 $ 1,223,329
COST OF SALES 299,214 307,911 557,048 557,222
GROSS PROFIT 394,508 379,288 763,464 666,107
GAIN ON SALE OF MONSTER NON-ENERGY (NOTE 3) 161,470   161,470  
OPERATING EXPENSES 189,839 163,475 551,167 301,430
OPERATING INCOME 366,139 215,813 373,767 364,677
INTEREST AND OTHER INCOME, net (1,015) 178 218 332
INCOME BEFORE PROVISION FOR INCOME TAXES 365,124 215,991 373,985 365,009
PROVISION FOR INCOME TAXES 136,120 74,988 140,568 128,755
NET INCOME $ 229,004 $ 141,003 $ 233,417 $ 236,254
NET INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 1.29 $ 0.84 $ 1.35 $ 1.41
Diluted (in dollars per share) $ 1.26 $ 0.81 $ 1.31 $ 1.36
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:        
Basic (in shares) 176,985 167,098 173,447 167,006
Diluted (in shares) 181,417 173,964 177,998 173,869