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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 8,114.9 $ 7,266.8 $ 6,531.6
Cost of goods sold 7,680.8 6,881.5 6,130.0
Gross profit 434.1 385.3 401.6
Warehousing and distribution expenses 234.6 211.8 197.3
Selling, general and administrative expenses 150.8 142.5 137.3
Amortization of intangible assets 3.0 2.1 2.0
Total operating expenses 388.4 356.4 336.6
Income from operations 45.7 28.9 65.0
Interest expense (2.4) (2.6) (1.7)
Interest income 0.4 0.4 0.3
Foreign currency transaction (losses) gains, net (0.5) 0.5 2.2
Income before income taxes 43.2 27.2 65.8
Provision for income taxes (17.0) (9.5) (18.5)
Net income $ 26.2 $ 17.7 $ 47.3
Basic net income per common share $ 2.30 $ 1.64 $ 4.53
Diluted net income per common share $ 2.23 $ 1.55 $ 4.35
Basic weighted-average shares 11.4 10.8 10.5
Diluted weighted-average shares 11.7 11.4 10.9
Dividend declared and paid per common share $ 0.17 $ 0.00 $ 0.00