Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

Quarterly results (unaudited)

NOTE 15 – QUARTERLY RESULTS (Unaudited)

The following tables set forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2016 and 2015. The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown (in thousands, except per share data):

	Fiscal 2016
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	2,096,150	$	2,176,689	$	2,220,955	$	2,099,302
Gross profit	1,097,579		1,127,179		1,170,026		1,114,227
Operating income	418,626		425,061		447,809		407,710
Net income	255,374		257,794		278,493		246,030
Earnings per share – basic (1)	$	2.63	$	2.69	$	2.93	$	2.62
Earnings per share – assuming dilution (1)	$	2.59	$	2.65	$	2.90	$	2.59

	Fiscal 2015
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	1,901,903	$	2,035,518	$	2,080,201	$	1,949,052
Gross profit	986,959		1,058,791		1,089,254		1,027,639
Operating income	350,373		385,768		415,260		362,620
Net income	212,864		233,508		266,268		218,576
Earnings per share – basic (1)	$	2.09	$	2.32	$	2.68	$	2.22
Earnings per share – assuming dilution (1)	$	2.06	$	2.29	$	2.64	$	2.19

⁽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 amount.

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.