Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Results (Unaudited)

Quarterly results (unaudited)

NOTE 17 – QUARTERLY RESULTS (Unaudited)

The following table sets forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2012 and 2011.  The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown:

	Fiscal 2012
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(In thousands, except per share data)
Sales	$	1,529,392	$	1,562,849	$	1,601,558	$	1,488,385
Gross profit		761,680		779,861		805,493		750,384
Operating income		247,501		243,603		263,318		222,971
Net income		147,492		146,120		159,332		132,802
Earnings per share – basic	$	1.16	$	1.17	$	1.34	$	1.16
Earnings per share – assuming dilution	$	1.14	$	1.15	$	1.32	$	1.14
	Fiscal 2011
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(In thousands, except per share data)
Sales	$	1,382,738	$	1,479,318	$	1,535,453	$	1,391,307
Gross profit		669,781		718,661		754,210		694,697
Former CSK officer clawback		-		-		-		(2,798)
Operating income		196,437		222,368		241,050		206,911
Write-off of debt issuance costs		(21,626)		-		-		-
Termination of interest rate swap agreements		(4,237)		-		-		-
Net income		102,474		133,772		148,439		122,988
Earnings per share – basic	$	0.73	$	0.97	$	1.12	$	0.96
Earnings per share – assuming dilution	$	0.72	$	0.96	$	1.10	$	0.94

The unaudited operating data presented above should be read in conjunction with the Company’s consolidated financial statements and related notes, and the other financial information included therein.