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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011
CONSOLIDATED STATEMENTS OF INCOME |  |  |
NET SALES | $ 2,246,428 | $ 2,060,702 | $ 1,703,230
COST OF SALES | 1,073,497 | 995,046 | 808,921
GROSS PROFIT | 1,172,931 | 1,065,656 | 894,309
OPERATING EXPENSES | 600,015 | 515,033 | 437,886
OPERATING INCOME | 572,916 | 550,623 | 456,423
OTHER (EXPENSE) INCOME: |  |  |
Interest and other (expense) income, net | (11,737) | (2,256) | 1,619
Gain (loss) on investments and put option, net (Note 2) | 2,715 | 787 | (772)
Total other (expense) income | (9,022) | (1,469) | 847
INCOME BEFORE PROVISION FOR INCOME TAXES | 563,894 | 549,154 | 457,270
PROVISION FOR INCOME TAXES | 225,233 | 209,134 | 171,051
NET INCOME | $ 338,661 | $ 340,020 | $ 286,219
NET INCOME PER COMMON SHARE: |  |  |
Basic (in dollars per share) | $ 2.03 | $ 1.96 | $ 1.62
Diluted (in dollars per share) | $ 1.95 | $ 1.86 | $ 1.53
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |
Basic (in shares) | 166,679 | 173,712 | 176,212
Diluted (in shares) | 173,387 | 183,083 | 186,674

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