XML 125 R34.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Operating Results (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Operating Results (Unaudited)

Note 25: Quarterly Operating Results (Unaudited)

 

2014    1st     2nd      3rd      4th     Year  
           (In thousands, except days and per share amounts)        

Number of days in quarter

     89        91         91         94        365   

Revenues

   $ 487,690      $ 600,891       $ 610,774       $ 608,910      $ 2,308,265   

Gross profit

     175,717        204,385         221,732         217,615        819,449   

Operating income

     49,511        12,326         58,011         43,271        163,119   

Income from continuing operations

     25,156        15         33,847         15,414        74,432   

Income from discontinued operations, net of tax

     —          —           —           579        579   

Loss from disposal of discontinued operations, net of tax

     (562     —           —           —          (562

Net income

     24,594        15         33,847         15,993        74,449   

Basic income (loss) per share

            

Continuing operations

   $ 0.58      $ —         $ 0.78       $ 0.36      $ 1.72   

Discontinued operations

     —          —           —           0.01        0.01   

Disposal of discontinued operations

     (0.01     —           —           —          (0.01
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income

$ 0.57    $ —      $ 0.78    $ 0.37    $ 1.72   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Diluted income (loss) per share

Continuing operations

$ 0.57    $ —      $ 0.77    $ 0.35    $ 1.69   

Discontinued operations

  —        —        —        0.01      0.01   

Disposal of discontinued operations

  (0.01   —        —        —        (0.01
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income

$ 0.56    $ —      $ 0.77    $ 0.36    $ 1.69   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
2013    1st     2nd      3rd      4th     Year  
           (In thousands, except days and per share amounts)        

Number of days in quarter

     90        91         91         93        365   

Revenues

   $ 507,473      $ 529,491       $ 522,478       $ 509,751      $ 2,069,193   

Gross profit

     167,353        179,196         182,841         175,039        704,429   

Operating income

     44,240        53,913         53,935         49,174        201,262   

Income from continuing operations

     22,245        29,492         29,068         23,929        104,734   

Loss from discontinued operations, net of tax

     —          —           —           (1,421     (1,421

Net income

     22,245        29,492         29,068         22,508        103,313   

Basic income (loss) per share

            

Continuing operations

   $ 0.50      $ 0.67       $ 0.67       $ 0.55      $ 2.39   

Discontinued operations

     —          —           —           (0.03     (0.03
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income

$ 0.50    $ 0.67    $ 0.67    $ 0.52    $ 2.36   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Diluted income (loss) per share

Continuing operations

$ 0.49    $ 0.66    $ 0.65    $ 0.54    $ 2.34   

Discontinued operations

  —        —        —        (0.03   (0.03
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Net income

$ 0.49    $ 0.66    $ 0.65    $ 0.51    $ 2.31   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Included in the first, second, third, and fourth quarters of 2014 are severance, restructuring, and integration costs of $1.4 million, $38.2 million, $9.2 million, and $22.0 million, respectively. The second quarter of 2014 also includes $7.4 million of purchase accounting effects related to acquisitions, primarily the adjustment of acquired inventory to fair value.

Included in the first, second, third, and fourth quarters of 2013 are severance and other restructuring costs, including accelerated depreciation expense, of $0.8 million, $7.7 million, $5.9 million, and $5.4 million, respectively. The first quarter of 2013 also includes $6.6 million of purchase accounting effects related to acquisitions, primarily the adjustment of acquired inventory to fair value. The fourth quarter of 2013 includes a loss on debt extinguishment of $1.6 million.