QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

The following table summarizes the Company's 2015 and 2014 quarterly results:



	Three months ended (unaudited)								Year ended
	March 31,		June 30,		September 30,		December 31,		December 31,
	2015 ⁽¹⁾		2015		2015		2015		2015
	(In thousands, except per share amounts)
Total revenue	$	670,247	$	678,520	$	672,244	$	618,201	$	2,639,212
Gross profit	249,433		256,332		250,644		228,234		984,643
Operating income	109,605		117,638		82,150		83,714		393,107
Net income	63,270		67,357		45,750		42,922		219,299
Weighted average shares outstanding:
Basic	87,865		85,501		83,669		78,775		83,927
Diluted	88,105		85,777		83,958		79,008		84,186
Earnings per share:
Basic ⁽²⁾	$	0.72	$	0.79	$	0.55	$	0.54	$	2.61
Diluted ⁽²⁾	$	0.72	$	0.79	$	0.54	$	0.54	$	2.60



	Three months ended (unaudited)								Year ended
	March 31,		June 30,		September 30,		December 31,		December 31,
	2014		2014		2014		2014		2014
	(In thousands, except per share amounts)
Total revenue	$	674,456	$	675,216	$	656,326	$	607,156	$	2,613,154
Gross profit	253,719		258,580		247,748		220,193		980,240
Operating income	121,255		121,051		108,725		88,481		439,512
Net income	69,903		69,887		64,314		51,768		255,872
Weighted average shares outstanding:
Basic	92,975		90,414		89,814		88,824		90,493
Diluted	93,684		90,931		90,233		89,044		90,918
Earnings per share:
Basic ⁽²⁾	$	0.75	$	0.77	$	0.72	$	0.58	$	2.83
Diluted ⁽²⁾	$	0.75	$	0.77	$	0.71	$	0.58	$	2.81

(1) Refer to Note 2, "Basis of Presentation and Summary of Significant Accounting Policies" for details with respect to the correction of a $2.8 million immaterial error relating to prior periods in the calculation of the portion of the accrued payroll liability relating to certain amounts paid to store employees.

(2) Quarterly results for earnings per share may not add to full year results due to rounding.