XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Consolidated Statements of Income        
Sales $ 1,601,558 $ 1,535,453 $ 4,693,799 $ 4,397,509
Cost of goods sold, including warehouse and distribution expenses 796,065 781,243 2,346,765 2,254,857
Gross profit 805,493 754,210 2,347,034 2,142,652
Selling, general and administrative expenses 542,175 513,160 1,592,612 1,482,797
Operating income 263,318 241,050 754,422 659,855
Other income (expense):        
Interest expense (10,451) (7,212) (28,722) (18,706)
Interest income 565 516 1,850 1,620
Write-off of asset-based revolving credit facility debt issuance costs 0 0 0 (21,626) [1]
Termination of interest rate swap agreements 0 0 0 (4,237)
Other, net 550 675 1,294 1,279
Total other expense (9,336) (6,021) (25,578) (41,670)
Income before income taxes 253,982 235,029 728,844 618,185
Provision for income taxes 94,650 86,590 275,900 233,500
Net income $ 159,332 $ 148,439 $ 452,944 $ 384,685
Earnings per share-basic:        
Earnings per share - basic $ 1.34 $ 1.12 $ 3.67 $ 2.81
Weighted-average common shares outstanding - basic 118,546 132,777 123,448 136,895
Earnings per share-assuming dilution:        
Earnings per share - assuming dilution $ 1.32 $ 1.10 $ 3.60 $ 2.76
Weighted-average common shares outstanding - assuming dilution 120,539 135,033 125,670 139,183
[1] Certain prior period amounts have been reclassified to conform to current period presentation.