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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
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Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
CONSOLIDATED STATEMENTS OF INCOME |  |  |
NET SALES | $ 4,598,638 | $ 4,200,819 | $ 3,807,183
COST OF SALES | 1,874,758 | 1,682,234 | 1,511,808
GROSS PROFIT | 2,723,880 | 2,518,585 | 2,295,375
OPERATING EXPENSES | 1,090,727 | 1,115,646 | 1,011,756
OPERATING INCOME | 1,633,153 | 1,402,939 | 1,283,619
OTHER (EXPENSE) INCOME, NET | (6,996) | 13,023 | 9,653
INCOME BEFORE PROVISION FOR INCOME TAXES | 1,626,157 | 1,415,962 | 1,293,272
PROVISION FOR INCOME TAXES | 216,563 | 308,127 | 300,268
NET INCOME | $ 1,409,594 | $ 1,107,835 | $ 993,004
NET INCOME PER COMMON SHARE: |  |  |
Basic | $ 2.66 | $ 2.04 | $ 1.78
Diluted | $ 2.64 | $ 2.03 | $ 1.76
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS: |  |  |
Basic | 529,639 | 542,191 | 557,166
Diluted | 534,807 | 546,608 | 564,254

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