Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data [Abstract]

Quarterly results (unaudited)

QUARTERLY RESULTS (Unaudited)

The following table sets forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2013 and 2012. The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown:

	Fiscal 2013
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Sales	$	1,585,009	$	1,714,969	$	1,728,025	$	1,621,234
Gross profit	798,663		871,875		879,163		819,300
Operating income	251,084		296,261		300,380		255,760
Net income	154,329		177,127		186,489		152,347
Earnings per share – basic (1)	$	1.38	$	1.61	$	1.72	$	1.43
Earnings per share – assuming dilution (1)	$	1.36	$	1.58	$	1.69	$	1.40

	Fiscal 2012
	First Quarter		Second Quarter		Third Quarter		Fourth 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)	$	1.16	$	1.17	$	1.34	$	1.16
Earnings per share – assuming dilution (1)	$	1.14	$	1.15	$	1.32	$	1.14

⁽¹⁾  Earnings per share amounts are computed independently for each quarter and annual period. The quarterly earnings per share amounts may not sum to equal the full-year earnings per share.

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.