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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME      
NET SALES $ 4,200,819 $ 3,807,183 $ 3,369,045
COST OF SALES 1,682,234 1,511,808 1,231,355
GROSS PROFIT 2,518,585 2,295,375 2,137,690
OPERATING EXPENSES 1,115,646 1,011,756 938,903
OPERATING INCOME 1,402,939 1,283,619 1,198,787
OTHER INCOME, NET 13,023 9,653 2,836
INCOME BEFORE PROVISION FOR INCOME TAXES 1,415,962 1,293,272 1,201,623
PROVISION FOR INCOME TAXES 308,127 300,268 380,945
NET INCOME $ 1,107,835 $ 993,004 $ 820,678
NET INCOME PER COMMON SHARE:      
Basic (in dollars per share) $ 2.04 $ 1.78 $ 1.45
Diluted (in dollars per share) $ 2.03 $ 1.76 $ 1.42
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS :      
Basic (in shares) 542,191 557,166 566,782
Diluted (in shares) 546,608 564,254 577,141