Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Product sales $ 1,156,134 $ 951,583
Shipping & handling revenues 106,515 172,064
Net sales 1,262,649 1,123,647
Cost of sales 251,165 225,977
Gross profit 1,011,484 897,670
Royalty overrides 381,819 364,029
Selling, general & administrative expenses 502,062 364,720
Operating income 127,603 168,921
Interest expense, net 14,961 5,373
Other expense, net 3,161  
Income before income taxes 109,481 163,548
Income taxes 34,853 44,675
NET INCOME $ 74,628 $ 118,873
Earnings per share:    
Basic $ 0.78 $ 1.14
Diluted $ 0.74 $ 1.10
Weighted average shares outstanding:    
Basic 95,397 104,121
Diluted 100,780 108,068
Dividends declared per share $ 0.30 $ 0.30