Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)

NOTE 17—QUARTERLY RESULTS (Unaudited)

The following table sets forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2011 and 2010. The unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the information shown:

	Fiscal 2011
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(In thousands, except per share data)
Sales	$	1,382,738	$	1,479,318	$	1,535,453	$	1,391,307
Gross profit		669,781		718,661		754,210		694,697
Former CSK officer clawback		-		-		-		(2,798)
Operating income		196,437		222,368		241,050		206,911
Write-off of debt issuance costs		(21,626)		-		-		-
Termination of interest rate swap agreements		(4,237)		-		-		-
Net income		102,474		133,772		148,439		122,988
Earnings per share – basic	$	0.73	$	0.97	$	1.12	$	0.96
Earnings per share – assuming dilution	$	0.72	$	0.96	$	1.10	$	0.94

	Fiscal 2010
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(In thousands, except per share data)
Sales	$	1,280,067	$	1,381,241	$	1,425,887	$	1,310,330
Gross profit		618,347		672,633		693,415		636,597
Legacy CSK DOJ investigation charge		-		15,000		5,900		-
Operating income		168,445		181,164		199,031		164,136
Gain on settlement of note receivable		-		-		-		11,639
Net income		97,476		99,595		116,542		105,760
Earnings per share – basic	$	0.71	$	0.72	$	0.84	$	0.76
Earnings per share – assuming dilution	$	0.70	$	0.71	$	0.82	$	0.74

The unaudited operating data presented below should be read in conjunction with the Company's consolidated financial statements and related notes, and the other financial information included therein.