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Selected Quarterly Financial Results (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Results (unaudited)
Selected Quarterly Financial Results (unaudited)
 
 
Year Ended December 31, 2017(1)
(in millions, except per-share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net Sales:
 
 
 
 
 
 
 
 
Corporate
 
$
1,476.3

 
$
1,630.7

 
$
1,598.5

 
$
1,641.4

 
 
 
 
 
 
 
 
 
Small Business
 
298.7

 
321.5

 
311.5

 
314.8

 
 
 
 
 
 
 
 
 
Public:
 
 
 
 
 
 
 
 
Government
 
386.9

 
543.9

 
606.7

 
630.0

Education
 
397.1

 
712.9

 
700.7

 
400.8

Healthcare
 
392.5

 
417.3

 
425.5

 
423.3

Total Public
 
1,176.5

 
1,674.1

 
1,732.9

 
1,454.1

Other
 
373.2

 
368.1

 
391.0

 
428.3

Net sales
 
$
3,324.7

 
$
3,994.4

 
$
4,033.9

 
$
3,838.6

Gross profit
 
$
552.6

 
$
641.1

 
$
642.0

 
$
614.4

Income from operations
 
169.8

 
231.1

 
243.7

 
221.6

Net income(2)
 
57.6

 
141.0

 
129.2

 
195.2

Basic(3)
 
0.36

 
0.90

 
0.84

 
1.28

Diluted(3)
 
0.35

 
0.89

 
0.83

 
1.26

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.1600

 
$
0.1600

 
$
0.1600

 
$
0.2100

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016(1)
(in millions, except per-share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net Sales:
 
 
 
 
 
 
 
 
Corporate(4)
 
$
1,414.9

 
$
1,490.8

 
$
1,466.4

 
$
1,517.7

 
 
 
 
 
 
 
 
 
Small Business(4)
 
277.4

 
288.4

 
282.5

 
291.8

 
 
 
 
 
 
 
 
 
Public:
 
 
 
 
 
 
 
 
Government
 
339.9

 
456.6

 
537.5

 
529.6

Education
 
341.0

 
640.0

 
671.4

 
365.9

Healthcare
 
388.5

 
450.4

 
431.7

 
436.8

Total Public
 
1,069.4

 
1,547.0

 
1,640.6

 
1,332.3

Other
 
355.0

 
338.4

 
318.7

 
350.5

Net sales
 
$
3,116.7

 
$
3,664.6

 
$
3,708.2

 
$
3,492.4

Gross profit
 
$
524.5

 
$
610.5

 
$
614.3

 
$
577.9

Income from operations
 
161.0

 
223.5

 
237.5

 
197.2

Net income
 
77.8

 
117.5

 
125.9

 
103.2

Basic(3)
 
0.47

 
0.71

 
0.78

 
0.64

Diluted(3)
 
0.46

 
0.70

 
0.76

 
0.63

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.1075

 
$
0.1075

 
$
0.1075

 
$
0.1600


(1)
Sum of quarters may not agree to reported yearly totals due to rounding.
(2)
The fourth quarter of 2017 includes the benefit of the Tax Cuts and Jobs Act enacted during 2017. For information regarding the Tax Cuts and Jobs Act, see Note 11 (Income Taxes).
(3)
Basic and diluted net income per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted net income per share.
(4)
Amounts have been recast to present Small Business as its own operating and reportable segment.