Summary of Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data [Abstract]

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

	2013
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Full Year
Net sales	$	2,167,168	$	2,713,889	$	2,847,417	$	2,457,058	$	10,185,532
Gross profit	962,851		1,233,579		1,295,958		1,124,178		4,616,566
Net income	116,185		257,287		262,966		116,123		752,561
Net income per common share - basic	1.13		2.51		2.61		1.16		7.41
Net income per common share - diluted	1.11		2.46		2.55		1.14		7.26

Net income in the fourth quarter was increased by inventory adjustments. Gross profit increased by $14,938 ($.09 per share), primarily as a result of adjustments based on an annual physical inventory count performed during the fourth quarter, year-end inventory levels and related cost adjustments.

	2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Full Year
Net sales	$	2,136,344	$	2,573,022	$	2,603,226	$	2,221,870	$	9,534,462
Gross profit	909,839		1,150,597		1,150,282		995,508		4,206,226
Net income	100,216		227,813		234,953		68,052		631,034
Net income per common share - basic	.97		2.23		2.29		.66		6.15
Net income per common share - diluted	.95		2.17		2.24		.65		6.02

Net income in the fourth quarter was decreased by $49,163 ($.47 per share) due to the DOL Settlement (see Note 9) and increased by inventory adjustments and adjustments to compensation and benefit expenses. Gross profit increased by $28,724 ($.17 per share), primarily as a result of adjustments of $29,488 based on an annual physical inventory count performed during the fourth quarter, year-end inventory levels and related cost adjustments. Selling, general and administrative expenses decreased $5,645 ($.03 per share) related to compensation and benefit expense adjustments.