Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial data for the years ended December 31, 2017 and 2016 are as follows:



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Net sales	$	594,567	$	653,656	$	698,799	$	778,031
Gross profit	$	342,900	$	374,917	$	400,277	$	455,219
Net earnings⁽¹⁾	$	92,466	$	101,580	$	104,950	$	76,976
Basic earnings per common share:
Net earnings	$	3.57	$	3.94	$	4.10	$	3.01
Weighted average number of common shares	25,932,112		25,751,374		25,613,433		25,562,542
Diluted earnings per common share:
Net earnings	$	3.48	$	3.84	$	3.99	$	2.93
Weighted average number of common and common equivalent shares	26,586,061		26,439,529		26,303,529		26,229,052
Market price per share:
High	$	486.90	$	601.16	$	635.17	$	689.11
Low	$	414.52	$	473.87	$	571.25	$	606.80

(1) Provision for taxes for 2017 includes a provisional one-time charge of $72 million for the implementation of the Tax Cuts and Jobs Act. Of this amount, $59 million is expected to be paid over a period of up to eight years. The estimated charge may change with the finalization of implementation.

2016
Net sales	$	539,674	$	608,286	$	650,598	$	709,699
Gross profit	$	299,907	$	347,576	$	369,494	$	418,610
Net earnings	$	65,674	$	79,588	$	101,332	$	137,776
Basic earnings per common share:
Net earnings	$	2.44	$	2.99	$	3.84	$	5.27
Weighted average number of common shares	26,931,293		26,631,015		26,375,468		26,139,024
Diluted earnings per common share:
Net earnings	$	2.40	$	2.93	$	3.77	$	5.17
Weighted average number of common and common equivalent shares	27,421,019		27,143,284		26,888,810		26,631,269
Market price per share:
High	$	347.09	$	385.50	$	419.83	$	429.91
Low	$	298.14	$	347.76	$	363.19	$	397.73