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Condensed Consolidated Statements of Operations (USD $)
In Millions, 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
Net sales $ 2,314.9 $ 2,225.1 $ 6,702.9 $ 5,987.4
Cost of goods sold 2,192.7 2,102.9 6,348.0 5,663.1
Gross profit 122.2 122.2 354.9 324.3
Warehousing and distribution expenses 68.4 61.7 198.0 173.4
Selling, general and administrative expenses 35.9 38.6 113.4 111.8
Amortization of intangible assets 0.7 0.8 2.4 2.1
Total operating expenses 105.0 101.1 313.8 287.3
Income from operations 17.2 21.1 41.1 37.0
Interest expense (0.4) (0.6) (1.6) (1.8)
Interest income 0.1 0.2 0.3 0.4
Foreign currency transaction losses, net 0 (1.4) (0.1) (0.6)
Income before income taxes 16.9 19.3 39.7 35.0
Provision for income taxes (6.4) (7.3) (15.5) (14.0)
Net income $ 10.5 $ 12.0 $ 24.2 $ 21.0
Basic net income per common share (in dollars per share) $ 0.92 $ 1.05 $ 2.12 $ 1.84
Diluted net income per common share (in dollars per share) $ 0.90 $ 1.03 $ 2.08 $ 1.78
Basic weighted-average shares 11.5 11.4 11.4 11.4
Diluted weighted-average shares 11.7 11.7 11.6 11.8
Dividends declared and paid per common share $ 0.17 $ 0.00 $ 0.51 $ 0.00