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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Income Statement [Abstract] | ||||
| Product sales | $ 1,156,943 | $ 1,062,962 | $ 3,514,415 | $ 3,069,581 |
| Shipping & handling revenues | 99,221 | 150,581 | 310,598 | 486,848 |
| Net sales | 1,256,164 | 1,213,543 | 3,825,013 | 3,556,429 |
| Cost of sales | 254,941 | 238,415 | 763,327 | 711,616 |
| Gross profit | 1,001,223 | 975,128 | 3,061,686 | 2,844,813 |
| Royalty overrides | 363,859 | 373,241 | 1,136,452 | 1,116,821 |
| Selling, general & administrative expenses | 609,722 | 409,747 | 1,573,701 | 1,174,574 |
| Operating income | 27,642 | 192,140 | 351,533 | 553,418 |
| Interest expense, net | 19,864 | 4,726 | 56,231 | 15,658 |
| Other expense, net | 9,831 | 12,992 | ||
| (Loss) income before income taxes | (2,053) | 187,414 | 282,310 | 537,760 |
| Income taxes | (13,301) | 45,464 | 76,902 | 133,775 |
| NET INCOME | $ 11,248 | $ 141,950 | $ 205,408 | $ 403,985 |
| Earnings per share: | ||||
| Basic | $ 0.14 | $ 1.39 | $ 2.34 | $ 3.92 |
| Diluted | $ 0.13 | $ 1.32 | $ 2.22 | $ 3.75 |
| Weighted average shares outstanding: | ||||
| Basic | 81,927 | 102,200 | 87,754 | 103,096 |
| Diluted | 86,201 | 107,777 | 92,619 | 107,759 |
| Dividends declared per share | $ 0.30 | $ 0.30 | $ 0.90 | |
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- Definition
Costs incurred by an entity during the reporting period for a form of compensation to Members based on retail volume, called royalty overrides or production bonuses. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of nonoperating interest income (expense). No definition available.
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate amount of other expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating expense recognized during the period. Such amounts may include: (a) unusual costs, (b) loss on foreign exchange transactions, (c) losses on securities (net of profits), and (d) miscellaneous other expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fees charged to customers for the delivery, generally by postal or freight service providers, of product or goods purchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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