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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME |  |  |  |
NET SALES | $ 1,093,896 | $ 1,104,045 | $ 2,155,993 | $ 2,050,037
COST OF SALES | 434,427 | 442,762 | 859,329 | 815,221
GROSS PROFIT | 659,469 | 661,283 | 1,296,664 | 1,234,816
OPERATING EXPENSES | 252,205 | 282,293 | 524,412 | 544,364
OPERATING INCOME | 407,264 | 378,990 | 772,252 | 690,452
INTEREST and OTHER (EXPENSE) INCOME, NET | (1,796) | 2,973 | (923) | 5,714
INCOME BEFORE PROVISION FOR INCOME TAXES | 405,468 | 381,963 | 771,329 | 696,166
PROVISION FOR INCOME TAXES | 94,099 | 89,490 | 181,125 | 142,208
NET INCOME | $ 311,369 | $ 292,473 | $ 590,204 | $ 553,958
NET INCOME PER COMMON SHARE: |  |  |  |
Basic | $ 0.59 | $ 0.54 | $ 1.11 | $ 1.02
Diluted | $ 0.59 | $ 0.53 | $ 1.10 | $ 1.01
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |  |
Basic | 526,911 | 544,156 | 531,486 | 543,466
Diluted | 531,191 | 548,218 | 535,897 | 548,299

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