| Selected Quarterly Financial Results |
Selected Quarterly Financial Results (unaudited) | | | | | | | | | | | | | | | | | (in millions, except per-share amounts) | 2014 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | Net Sales Detail: | | | | | | | | Corporate: | | | | | | | | Medium/Large | $ | 1,274.8 |
| | $ | 1,395.4 |
| | $ | 1,374.8 |
| | $ | 1,440.3 |
| Small Business | 230.8 |
| | 260.8 |
| | 247.9 |
| | 250.7 |
| Total Corporate | 1,505.6 |
| | 1,656.2 |
| | 1,622.7 |
| | 1,691.0 |
| Public: | | | | | | | | Government | 254.2 |
| | 313.1 |
| | 441.3 |
| | 440.8 |
| Education | 321.6 |
| | 527.0 |
| | 632.8 |
| | 342.6 |
| Healthcare | 394.1 |
| | 431.5 |
| | 394.7 |
| | 385.7 |
| Total Public | 969.9 |
| | 1,271.6 |
| | 1,468.8 |
| | 1,169.1 |
| Other | 176.8 |
| | 178.2 |
| | 174.6 |
| | 190.0 |
| Net sales | $ | 2,652.3 |
| | $ | 3,106.0 |
| | $ | 3,266.1 |
| | $ | 3,050.1 |
| Gross profit | $ | 425.2 |
| | $ | 496.9 |
| | $ | 507.3 |
| | $ | 491.9 |
| Income from operations | 135.8 |
| | 188.2 |
| | 184.7 |
| | 164.3 |
| Net income | 50.9 |
| | 86.6 |
| | 55.6 |
| | 51.8 |
| Net income per common share (1): | | | | | | | | Basic | 0.30 |
| | 0.51 |
| | 0.33 |
| | $ | 0.30 |
| Diluted | 0.30 |
| | 0.50 |
| | 0.32 |
| | $ | 0.30 |
| | | | | | | | | (in millions, except per-share amounts) | 2013 | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | Net Sales Detail: | | | | | | | | Corporate: | | | | | | | | Medium/Large (2) | $ | 1,180.5 |
| | $ | 1,308.5 |
| | $ | 1,241.3 |
| | $ | 1,322.3 |
| Small Business (2) | 223.4 |
| | 228.9 |
| | 224.5 |
| | 230.7 |
| Total Corporate | 1,403.9 |
| | 1,537.4 |
| | 1,465.8 |
| | 1,553.0 |
| Public: | | | | | | | | Government | 252.3 |
| | 295.7 |
| | 375.3 |
| | 327.3 |
| Education | 232.2 |
| | 420.6 |
| | 513.4 |
| | 282.8 |
| Healthcare | 362.3 |
| | 366.3 |
| | 355.9 |
| | 380.4 |
| Total Public | 846.8 |
| | 1,082.6 |
| | 1,244.6 |
| | 990.5 |
| Other | 161.0 |
| | 159.3 |
| | 153.9 |
| | 169.8 |
| Net sales | $ | 2,411.7 |
| | $ | 2,779.3 |
| | $ | 2,864.3 |
| | $ | 2,713.3 |
| Gross profit | $ | 402.0 |
| | $ | 451.6 |
| | $ | 458.4 |
| | $ | 448.3 |
| Income from operations (3) | 120.1 |
| | 153.6 |
| | 92.9 |
| | 142.0 |
| Net income (loss)(3) | 28.3 |
| | 46.7 |
| | (2.2 | ) | | 60.0 |
| Net income (loss) per common share (1)(3): | | | | | | | | Basic | 0.19 |
| | 0.32 |
| | (0.01 | ) | | 0.35 |
| Diluted | 0.19 |
| | 0.32 |
| | (0.01 | ) | | 0.35 |
|
| | (1) | Basic and diluted net income (loss) per share are computed independently for each of the quarters presented. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted net income (loss) per share. |
| | (2) | Net sales for the corporate channels (medium/large and small business) have been restated for all periods presented above to conform with the new corporate hierarchy presented for first quarter of 2014. |
| | (3) | The third quarter of 2013 included pre-tax IPO-related charges of $74.1 million. See Note 9 for additional discussion of the IPO. |
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