XML 36 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 1,228,444 $ 1,167,921 $ 3,001,626 $ 2,843,691
Cost of goods sold 1,022,830 980,096 2,524,298 2,416,433
Gross profit 205,614 187,825 477,328 427,258
Selling, general and administrative expenses 55,451 50,634 170,625 154,754
Rationalization charges 2,528 1,332 4,978 3,616
Income from operations 147,635 135,859 301,725 268,888
Interest and other debt expense before loss on early extinguishment of debt 19,276 16,982 56,920 47,776
Loss on early extinguishment of debt 0 0 1,474 2,068
Interest and other debt expense 19,276 16,982 58,394 49,844
Income before income taxes 128,359 118,877 243,331 219,044
Provision for income taxes 45,083 41,702 84,576 56,907
Net income $ 83,276 $ 77,175 $ 158,755 $ 162,137
Earnings per share:        
Basic net income per share (usd per share) $ 1.31 $ 1.22 $ 2.50 $ 2.51
Diluted net income per share (usd per share) $ 1.31 $ 1.21 $ 2.49 $ 2.50
Dividends per share (usd per share) $ 0.15 $ 0.14 $ 0.45 $ 0.42
Weighted average number of shares:        
Basic (in shares) 63,448 63,449 63,480 64,522
Effect of dilutive securities (in shares) 266 415 347 389
Diluted (in shares) 63,714 63,864 63,827 64,911