XML 50 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements of Income        
Sales $ 1,562,849 $ 1,479,318 $ 3,092,241 $ 2,862,056
Cost of goods sold, including warehouse and distribution expenses 782,988 760,657 1,550,700 1,473,614
Gross profit 779,861 718,661 1,541,541 1,388,442
Selling, general and administrative expenses 536,258 496,293 1,050,437 969,637
Operating income 243,603 222,368 491,104 418,805
Other income (expense):        
Interest expense (9,140) (6,257) (18,271) (11,494)
Interest income 658 562 1,285 1,104
Write-off of asset-based revolving credit facility debt issuance costs 0 0 0 (21,626) [1]
Termination of interest rate swap agreements 0 0 0 (4,237)
Other, net (51) 309 744 604
Total other expense (8,533) (5,386) (16,242) (35,649)
Income before income taxes 235,070 216,982 474,862 383,156
Provision for income taxes 88,950 83,210 181,250 146,910
Net income $ 146,120 $ 133,772 $ 293,612 $ 236,246
Earnings per share-basic:        
Earnings per share - basic $ 1.17 $ 0.97 $ 2.33 $ 1.70
Weighted-average common shares outstanding - basic 124,870 137,399 125,920 138,982
Earnings per share-assuming dilution:        
Earnings per share - assuming dilution $ 1.15 $ 0.96 $ 2.29 $ 1.67
Weighted-average common shares outstanding - assuming dilution 127,188 139,716 128,261 141,289
[1] Certain prior period amounts have been reclassified to conform to current period presentation.