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Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 2,287.3 $ 2,039.8 $ 4,388.0 $ 3,762.3
Cost of goods sold 2,164.7 1,930.0 4,155.2 3,560.2
Gross profit 122.6 109.8 232.8 202.1
Warehousing and distribution expenses 66.2 57.8 129.6 111.7
Selling, general and administrative expenses 37.8 36.5 77.5 73.2
Amortization of intangible assets 0.8 0.8 1.7 1.3
Total operating expenses 104.8 95.1 208.8 186.2
Income from operations 17.8 14.7 24.0 15.9
Interest expense (0.6) (0.6) (1.2) (1.2)
Interest income 0.1 0.1 0.2 0.2
Foreign currency transaction (losses) gains, net (0.2) 0.2 (0.1) 0.8
Income before income taxes 17.1 14.4 22.9 15.7
Provision for income taxes (7.0) (5.9) (9.2) (6.7)
Net income $ 10.1 $ 8.5 $ 13.7 $ 9.0
Basic net income per common share (in dollars per share) $ 0.89 $ 0.74 $ 1.20 $ 0.79
Diluted net income per common share (in dollars per share) $ 0.87 $ 0.72 $ 1.18 $ 0.76
Basic weighted-average shares 11.4 11.5 11.4 11.4
Diluted weighted-average shares 11.6 11.9 11.6 11.9
Dividend declared and paid per common share $ 0.17 $ 0.00 $ 0.34 $ 0.00