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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Revenue $ 2,465,800 $ 2,207,343 $ 7,267,054 $ 6,433,625
Cost of goods sold 1,508,924 1,351,899 4,415,076 3,911,928
Gross margin 956,876 855,444 2,851,978 2,521,697
Facility and warehouse expenses 202,514 181,244 583,230 516,227
Distribution expenses 202,829 172,565 583,031 509,234
Selling, general and administrative expenses 290,635 258,332 836,804 726,736
Restructuring and acquisition related expenses 4,922 6,923 10,371 30,814
Depreciation and amortization 56,877 52,979 159,178 137,168
Operating income 199,099 183,401 679,364 601,518
Other expense (income):        
Interest expense, net 25,222 24,761 73,806 64,002
Loss on debt extinguishment 0 0 0 26,650
Gains on foreign exchange contracts - acquisition related 0 0 0 (18,342)
Gains on bargain purchases (913) 0 (3,990) 0
Other income, net (3,107) (1,010) (6,884) (4,361)
Total other expense, net 21,202 23,751 62,932 67,949
Income from continuing operations before provision for income taxes 177,897 159,650 616,432 533,569
Provision for income taxes 58,189 49,835 206,206 173,225
Equity in earnings (loss) of unconsolidated subsidiaries 2,673 29 3,878 (519)
Income from continuing operations 122,381 109,844 414,104 359,825
Income (loss) from discontinued operations, net of tax 0 12,844 (4,531) 17,819
Net income $ 122,381 $ 122,688 $ 409,573 $ 377,644
Net income (1)        
Income from continuing operations $ 0.40 $ 0.36 $ 1.34 $ 1.17
Loss from discontinued operations 0.00 0.04 (0.01) 0.06
Net income (1) 0.40 0.40 1.33 1.23
Diluted earnings per share:        
Income from continuing operations 0.39 0.35 1.33 1.16
Loss from discontinued operations 0.00 0.04 (0.01) 0.06
Net income (1) $ 0.39 $ 0.40 $ 1.32 $ 1.22