Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016. 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 2017
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	2,156,259	$	2,290,829	$	2,339,830	$	2,190,808
Gross profit	1,131,147		1,200,062		1,230,294		1,159,180
Operating income	403,157		457,445		461,963		402,835
Net income	264,934		282,821		283,734		302,315
Earnings per share – basic (1)	$	2.88	$	3.14	$	3.26	$	3.56
Earnings per share – assuming dilution (1)	$	2.83	$	3.10	$	3.22	$	3.52

	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

⁽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.