XML 19 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]                      
Net sales $ 3,836.8 $ 3,993.9 $ 3,687.4 $ 3,011.3 $ 2,815.1 $ 2,991.6 $ 2,810.4 $ 2,452.3 $ 14,529.4 $ 11,069.4 $ 10,280.1
Cost of goods sold 3,637.8 3,795.0 3,499.5 2,860.2 2,645.0 2,820.0 2,651.5 2,315.0 13,792.5 10,431.5 9,706.4
Gross profit 199.0 198.9 187.9 151.1 170.1 171.6 158.9 137.3 736.9 637.9 573.7
Warehousing and distribution expenses 116.2 117.4 106.0 91.6 91.7 92.8 88.6 79.5 431.2 352.6 318.4
Selling, general and administrative expenses 50.3 57.6 53.0 49.4 48.4 52.8 47.5 47.3 210.3 196.0 184.4
Amortization of intangible assets 1.5 1.7 1.2 0.9 0.8 0.6 0.6 0.6 5.3 2.6 2.6
Total operating expenses 168.0 176.7 160.2 141.9 140.9 146.2 136.7 127.4 646.8 551.2 505.4
Income from operations 31.0 22.2 27.7 9.2 29.2 25.4 22.2 9.9 90.1 86.7 68.3
Interest expense (2.0) (1.5) (1.0) (0.8) (0.6) (0.6) (0.7) (0.6) (5.3) (2.5) (2.4)
Interest income 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.5 0.6
Foreign currency transaction gains (losses), net 0.6 (0.5) (0.3) 0.7 (0.5) (0.7) (0.2) (0.4) 0.5 (1.8) (0.1)
Income before income taxes 29.7 20.2 26.4 9.2 28.2 24.2 21.4 9.1 85.5 82.9 66.4
Provision for income taxes (Note 10) (11.0) (6.7) (10.1) (3.5) (10.5) (9.1) (8.2) (3.6) (31.3) (31.4) (23.7)
Net income $ 18.7 $ 13.5 $ 16.3 $ 5.7 $ 17.7 $ 15.1 $ 13.2 $ 5.5 $ 54.2 [1] $ 51.5 [1] $ 42.7 [1]
Basic net income per common share (in dollars per share) $ 0.41 $ 0.29 $ 0.35 $ 0.12 $ 0.39 $ 0.33 $ 0.29 $ 0.12 $ 1.17 $ 1.12 $ 0.93
Diluted net income per common share (in dollars per share) $ 0.41 $ 0.29 $ 0.35 $ 0.12 $ 0.38 $ 0.33 $ 0.29 $ 0.12 $ 1.17 $ 1.11 $ 0.92
Basic weighted-average shares (in shares) 46.2 46.3 46.3 46.4 46.4 46.2 46.2 46.4 46.3 46.2 46.2
Diluted weighted-average shares (in shares) 46.4 46.5 46.5 46.6 46.8 46.6 46.6 46.6 46.5 46.6 46.6
[1] Amounts have been rounded for presentation purposes and might differ from unrounded results.