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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net Sales $ 988,152 $ 1,062,252 $ 1,910,901 $ 2,008,429
Cost of sales 515,294 569,682 987,595 1,034,328
Gross Profit 472,858 492,570 923,306 974,101
Advertising and promotion expenses 104,744 99,853 207,172 190,687
Other selling and administrative expenses 367,551 391,709 770,038 776,188
Operating Income (Loss) 563 1,008 (53,904) 7,226
Interest expense 20,706 18,965 41,107 36,211
Interest (income) (2,099) (2,186) (3,767) (3,465)
Other non-operating expense (income), net 1,854 (1,400) 1,801 (1,728)
Loss Before Income Taxes (19,898) (14,371) (93,045) (23,792)
(Benefit) for income taxes (8,547) (42,696) (23,517) (40,899)
Net (Loss) Income $ (11,351) $ 28,325 $ (69,528) $ 17,107
Net (Loss) Income Per Common Share-Basic $ (0.03) $ 0.08 $ (0.21) $ 0.05
Weighted average number of common shares 338,843 338,709 338,713 339,463
Net (Loss) Income Per Common Share-Diluted $ (0.03) $ 0.08 $ (0.21) $ 0.05
Weighted average number of common and potential common shares 338,843 340,644 338,713 341,594
Dividends Declared Per Common Share $ 0.38 $ 0.38 $ 0.76 $ 0.76