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FORM 10-K
NOTE 15 – QUARTERLY RESULTS (Unaudited)
The following tables set forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2015 and 2014. 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 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
Fiscal 2014
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Sales $ 1,727,943 $ 1,847,088 $ 1,876,872 $ 1,764,178
Gross profit 877,716 950,877 968,201 912,107
Operating income 287,120 336,474 343,768 303,012
Net income 173,860 205,647 216,997 181,678
Earnings per share – basic (1) $ 1.64 $ 1.94 $ 2.10 $ 1.79
Earnings per share – assuming dilution (1) $ 1.61 $ 1.91 $ 2.06 $ 1.76
(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.