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v3.6.0.2

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Net sales | $ 2,570,803 | $ 2,363,139 | $ 2,246,562
Cost of sales | 1,829,716 | 1,687,495 | 1,603,222
Gross profit | 741,087 | 675,644 | 643,340
Selling and administrative expenses | 485,228 | 459,422 | 454,470
Operating income | 255,859 | 216,222 | 188,870
Interest and other non-operating expenses, net | (14,481) | (8,072) | (7,485)
Income before income taxes and equity earnings | 241,378 | 208,150 | 181,385
Provision for income taxes | 92,931 | 80,137 | 70,559
Equity earnings in unconsolidated investments, net | 156 | 211 | 204
Net income | 148,603 | 128,224 | 111,030
Net (income) loss attributable to noncontrolling interest | 352 | 51 | (338)
Net income attributable to Pool Corporation | $ 148,955 | $ 128,275 | $ 110,692
Earnings per share: |  |  |
Basic (in dollars per share) | $ 3.56 | $ 2.98 | $ 2.50
Diluted (in dollars per share) | $ 3.47 | $ 2.90 | $ 2.44
Weighted average shares outstanding: |  |  |
Basic (in shares) | 41,872 | 43,105 | 44,281
Diluted (in shares) | 42,984 | 44,254 | 45,441
Cash dividends declared per common share (in dollars per share) | $ 1.19 | $ 1.00 | $ 0.85

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