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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, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |  |  |  |
NET SALES | $ 630,934 | $ 592,640 | $ 1,115,158 | $ 1,047,245
COST OF SALES | 294,672 | 285,632 | 526,857 | 499,068
GROSS PROFIT | 336,262 | 307,008 | 588,301 | 548,177
OPERATING EXPENSES | 156,835 | 137,235 | 301,569 | 252,118
OPERATING INCOME | 179,427 | 169,773 | 286,732 | 296,059
OTHER (EXPENSE) INCOME: |  |  |  |
Interest and other (expense) income, net | (3,468) | (27) | (7,940) | (77)
Gain (loss) on investments and put options, net (Note 3) | 66 | (33) | 2,637 | 363
Total other (expense) income | (3,402) | (60) | (5,303) | 286
INCOME BEFORE PROVISION FOR INCOME TAXES | 176,025 | 169,713 | 281,429 | 296,345
PROVISION FOR INCOME TAXES | 69,152 | 59,918 | 111,060 | 110,450
NET INCOME | $ 106,873 | $ 109,795 | $ 170,369 | $ 185,895
NET INCOME PER COMMON SHARE: |  |  |  |
Basic (in dollars per share) | $ 0.64 | $ 0.62 | $ 1.03 | $ 1.06
Diluted (in dollars per share) | $ 0.62 | $ 0.59 | $ 0.98 | $ 1.00
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |  |
Basic (in shares) | 166,447 | 176,186 | 165,988 | 175,509
Diluted (in shares) | 173,350 | 186,284 | 172,992 | 185,833

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