2015

2014

(In millions, except per share data)

First Quarter Ended March 31

Net sales

$

1,105.4

$

1,262.6

Gross profit

890.0

1,011.4

Net income

78.2

74.6

Earnings per share

Basic

$

0.95

$

0.78

Diluted

$

0.92

$

0.74

Second Quarter Ended June 30

Net sales

$

1,162.3

$

1,306.2

Gross profit

933.0

1,049.0

Net income

82.8

119.5

Earnings per share

Basic

$

1.00

$

1.39

Diluted

$

0.97

$

1.31

Third Quarter Ended September 30

Net sales

$

1,102.9

$

1,256.2

Gross profit

896.0

1,001.3

Net income

93.6

11.3

Earnings per share

Basic

$

1.13

$

0.14

Diluted

$

1.09

$

0.13

Fourth Quarter Ended December 31

Net sales

$

1,098.4

$

1,133.6

Gross profit

894.0

914.0

Net income(1)

84.5

103.3

Earnings per share

Basic

$

1.02

$

1.26

Diluted

$

0.98

$

1.21

(1)

At December 31, 2014, the Company revised its estimate of its employee bonus accrual. This change in estimate was a result of the Company not meeting its projected targets. This change in estimate resulted in a cumulative adjustment that increased the Company’s operating income by a pre-tax amount of $16.6 million which increased the Company’s 2014 fourth quarter net income by $12.0 million, net of tax.