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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
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Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |  |  |
NET SALES | $ 2,722,564 | $ 2,464,867 | $ 2,246,428
COST OF SALES | 1,090,263 | 1,125,057 | 1,073,497
GROSS PROFIT | 1,632,301 | 1,339,810 | 1,172,931
OPERATING EXPENSES | 900,118 | 592,305 | 600,015
GAIN ON SALE OF MONSTER NON-ENERGY (NOTE 2) | 161,470 |  |
OPERATING INCOME | 893,653 | 747,505 | 572,916
OTHER EXPENSES, NET | (2,105) | (1,717) | (9,022)
INCOME BEFORE PROVISION FOR INCOME TAXES | 891,548 | 745,788 | 563,894
PROVISION FOR INCOME TAXES | 344,815 | 262,603 | 225,233
NET INCOME | $ 546,733 | $ 483,185 | $ 338,661
NET INCOME PER COMMON SHARE: |  |  |
Basic (in dollars per share) | $ 2.90 | $ 2.89 | $ 2.03
Diluted (in dollars per share) | $ 2.84 | $ 2.77 | $ 1.95
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |
Basic (in shares) | 188,816 | 167,257 | 166,679
Diluted (in shares) | 192,586 | 174,285 | 173,387

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