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Selected Quarterly Financial Results (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Results (unaudited) Selected Quarterly Financial Results (unaudited)
 
 
Year Ended December 31, 2018
(in millions, except per-share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net Sales:
 
 
 
 
 
 
 
 
Corporate
 
$
1,565.8

 
$
1,733.8

 
$
1,706.5

 
$
1,836.4

 
 
 
 
 
 
 
 
 
Small Business
 
327.6

 
329.5

 
340.0

 
362.5

 
 
 
 
 
 
 
 
 
Public:
 
 
 
 
 
 
 
 
Government
 
418.5

 
493.5

 
639.3

 
546.0

Education
 
397.2

 
712.1

 
793.1

 
425.0

Healthcare
 
414.3

 
429.8

 
442.7

 
443.2

Total Public
 
1,230.0

 
1,635.4

 
1,875.1

 
1,414.2

Other
 
483.0

 
487.4

 
451.6

 
461.7

Net sales
 
3,606.4

 
4,186.1

 
4,373.2

 
4,074.8

Gross profit
 
603.9

 
695.6

 
713.6

 
693.8

Operating income
 
204.1

 
265.5

 
274.8

 
242.9

Net income
 
127.0

 
173.0

 
183.7

 
159.3

Basic(1)
 
0.83

 
1.14

 
1.22

 
1.07

Diluted(1)
 
0.82

 
1.12

 
1.20

 
1.05

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.210

 
$
0.210

 
$
0.210

 
$
0.295

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2017(2)(3)
(in millions, except per-share amounts)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net Sales:
 
 
 
 
 
 
 
 
Corporate
 
$
1,440.6

 
$
1,580.1

 
$
1,552.8

 
$
1,599.3

 
 
 
 
 
 
 
 
 
Small Business
 
292.0

 
315.0

 
305.4

 
308.1

 
 
 
 
 
 
 
 
 
Public:
 
 
 
 
 
 
 
 
Government
 
374.6

 
523.4

 
591.9

 
619.9

Education
 
393.2

 
704.9

 
691.3

 
395.2

Healthcare
 
385.9

 
404.5

 
410.7

 
411.0

Total Public
 
1,153.7

 
1,632.8

 
1,693.9

 
1,426.1

Other
 
369.7

 
363.8

 
381.1

 
418.6

Net sales
 
3,256.0

 
3,891.7

 
3,933.2

 
3,752.1

Gross profit
 
553.5

 
640.8

 
642.2

 
613.7

Operating income
 
170.7

 
230.8

 
244.0

 
221.1

Net income
 
58.2

 
140.9

 
129.3

 
194.8

Basic(1)
 
0.36

 
0.90

 
0.84

 
1.28

Diluted(1)
 
0.36

 
0.89

 
0.83

 
1.25

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.160

 
$
0.160

 
$
0.160

 
$
0.210


(1)
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.
(2)
Amounts for 2017 have been adjusted to reflect the adoption of Topic 606.
(3)
Sum of quarters may not agree to reported yearly totals due to rounding.