Summary of Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

	2016
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Full Year
Net sales	$	2,574,024	$	3,219,525	$	3,279,462	$	2,782,591	$	11,855,602
Gross profit	1,261,745		1,635,793		1,636,289		1,388,438		5,922,265
Net income (1)	164,876		378,064		386,733		203,030		1,132,703
Net income per common share - basic (1), (2)	1.80		4.12		4.20		2.20		12.33
Net income per common share - diluted (1), (2)	1.75		3.99		4.08		2.15		11.99

	2015
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Full Year
Net sales	$	2,450,284	$	3,132,139	$	3,152,285	$	2,604,596	$	11,339,304
Gross profit	1,132,449		1,529,986		1,574,552		1,322,239		5,559,226
Net income	131,404		349,937		374,491		198,017		1,053,849
Net income per common share - basic (2)	1.42		3.79		4.06		2.16		11.43
Net income per common share - diluted (2)	1.38		3.70		3.97		2.11		11.15

⁽¹⁾ First quarter 2016 net income and basic and diluted net income per common share are restated due to the early adoption of ASU No. 2016-09 in the second quarter. See Notes 1 and 14.

⁽²⁾ Presented under the treasury stock method. See Note 15.

Net income in the fourth quarter of 2016 included a gain on sale of assets of $30,916, increased provisions for environmental matters of $9,330 and impairment of goodwill

and trademarks of $10,688. These non-operating items resulted in a net increase of $.03 in basic and diluted net income per common share.