XML 16 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net sales $ 5,289,396 $ 5,310,953 $ 5,541,595
Cost of sales 3,716,938 3,735,606 3,881,551
Gross profit 1,572,458 1,575,347 1,660,044
Selling and administrative expenses 992,254 958,143 913,477
Operating income 580,204 617,204 746,567
Interest and other non-operating expenses, net 46,770 50,250 58,431
Income before income taxes and equity in earnings 533,434 566,954 688,136
Provision for income taxes 127,132 132,836 165,084
Equity earnings in unconsolidated investments, net 102 207 177
Net income $ 406,404 $ 434,325 $ 523,229
Earnings per share attributable to common stockholders:      
Basic (in dollars per share) $ 10.89 $ 11.37 $ 13.45
Diluted (in dollars per share) $ 10.85 $ 11.3 $ 13.35
Weighted average shares outstanding:      
Basic (in shares) 37,149 38,007 38,704
Diluted (in shares) 37,288 38,228 38,997
Cash dividends declared per common share $ 4.95 $ 4.7 $ 4.3