Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Data [Abstract]

Quarterly results (unaudited)

NOTE 15 – QUARTERLY RESULTS (Unaudited)

The following table sets forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2014 and 2013. The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown:

	Fiscal 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Sales	$	1,727,943	$	1,847,088	$	1,876,872	$	1,764,178
Gross profit	877,716		950,877		968,201		912,107
Operating income	287,120		336,474		343,768		303,012
Net income	173,860		205,647		216,997		181,678
Earnings per share – basic (1)	$	1.64	$	1.94	$	2.10	$	1.79
Earnings per share – assuming dilution (1)	$	1.61	$	1.91	$	2.06	$	1.76

	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

⁽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.