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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except 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 $ 3,375,778 $ 3,285,560 $ 9,894,902 $ 9,444,742
Cost of goods sold 2,399,742 2,337,028 7,027,469 6,731,302
Gross profit 976,036 948,532 2,867,433 2,713,440
Operating expenses:        
Selling, administrative & other expenses 678,894 679,967 2,027,098 1,965,871
Depreciation and amortization 25,609 21,465 73,329 66,938
Total operating expenses 704,503 701,432 2,100,427 2,032,809
Income before income taxes 271,533 247,100 767,006 680,631
Income taxes 98,590 95,268 279,190 250,472
Net income 172,943 151,832 487,816 430,159
Basic net income per common share $ 1.11 $ 0.97 $ 3.14 $ 2.74
Diluted net income per common share $ 1.11 $ 0.97 $ 3.11 $ 2.72
Dividends declared per common share $ 0.495 $ 0.450 $ 1.485 $ 1.350
Weighted average common shares outstanding 155,147 156,206 155,568 157,024
Dilutive effect of stock options and non- vested restricted stock awards 988 942 1,038 965
Weighted average common shares outstanding - assuming dilution 156,135 157,148 156,606 157,989
Comprehensive income $ 210,542 $ 84,920 $ 549,009 $ 403,119