Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017. 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 2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Sales	$	2,282,681	$	2,456,073	$	2,482,717	$	2,314,957
Gross profit	1,201,258		1,288,638		1,315,755		1,234,315
Operating income	422,846		479,150		485,148		428,040
Net income	304,906		353,073		366,151		300,357
Earnings per share – basic (1)	$	3.65	$	4.32	$	4.54	$	3.76
Earnings per share – assuming dilution (1)	$	3.61	$	4.28	$	4.50	$	3.72

	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

⁽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.