XML 28 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 3,921,802 $ 3,985,909 $ 11,598,254 $ 11,519,193
Cost of goods sold 2,752,577 2,802,487 8,137,880 8,071,973
Gross profit 1,169,225 1,183,422 3,460,374 3,447,220
Operating expenses:        
Selling, administrative, and other expenses 834,372 850,156 2,492,537 2,486,162
Depreciation and amortization 34,278 34,983 105,764 108,623
Total operating expenses 868,650 885,139 2,598,301 2,594,785
Income before income taxes 300,575 298,283 862,073 852,435
Income taxes 112,559 107,767 317,674 306,708
Net income $ 188,016 $ 190,516 $ 544,399 $ 545,727
Basic net income per common share $ 1.24 $ 1.25 $ 3.58 $ 3.56
Diluted net income per common share 1.24 1.24 3.56 3.53
Dividends declared per common share $ 0.615 $ 0.575 $ 1.845 $ 1.725
Weighted average common shares outstanding 151,354 153,018 152,043 153,401
Dilutive effect of stock options and non-vested restricted stock awards 789 1,080 847 1,062
Weighted average common shares outstanding - assuming dilution 152,143 154,098 152,890 154,463
Comprehensive income $ 82,931 $ 95,077 $ 350,024 $ 496,528