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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Product sales $ 1,201,338 $ 1,055,036 $ 2,357,472 $ 2,006,619
Shipping & handling revenues 104,862 164,203 211,377 336,267
Net sales 1,306,200 1,219,239 2,568,849 2,342,886
Cost of sales 257,221 247,224 508,386 473,201
Gross profit 1,048,979 972,015 2,060,463 1,869,685
Royalty overrides 390,774 379,551 772,593 743,580
Selling, general & administrative expenses 461,917 400,107 963,979 764,827
Operating income 196,288 192,357 323,891 361,278
Interest expense, net 21,406 5,559 36,367 10,932
Other expense, net     3,161  
Income before income taxes 174,882 186,798 284,363 350,346
Income taxes 55,350 43,636 90,203 88,311
NET INCOME $ 119,532 $ 143,162 $ 194,160 $ 262,035
Earnings per share:        
Basic $ 1.39 $ 1.39 $ 2.14 $ 2.53
Diluted $ 1.31 $ 1.34 $ 2.02 $ 2.44
Weighted average shares outstanding:        
Basic 86,113 102,993 90,732 103,551
Diluted 91,172 107,083 95,934 107,589
Dividends declared per share $ 0.00 $ 0.30 $ 0.30 $ 0.60