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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2020 | Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |  |
NET SALES | $ 1,062,097 | $ 945,991
COST OF SALES | 424,901 | 372,459
GROSS PROFIT | 637,196 | 573,532
OPERATING EXPENSES | 272,208 | 262,071
OPERATING INCOME | 364,988 | 311,461
INTEREST and OTHER INCOME, net | 872 | 2,742
INCOME BEFORE PROVISION FOR INCOME TAXES | 365,860 | 314,203
PROVISION FOR INCOME TAXES | 87,025 | 52,718
NET INCOME | $ 278,835 | $ 261,485
NET INCOME PER COMMON SHARE: |  |
Basic (in dollars per share) | $ 0.52 | $ 0.48
Diluted (in dollars per share) | $ 0.52 | $ 0.48
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS : |  |
Basic (in shares) | 536,061 | 542,768
Diluted (in shares) | 540,518 | 548,273

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