

	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
	(In thousands, except per share amounts)
Year Ended December 31, 2015
Net sales	$	922,749		$	988,152		$	1,791,968	$	1,999,744
Gross profit	450,448			472,858			879,597		1,003,455
Advertising and promotion expenses	102,428			104,744			213,245		297,435
Other selling and administrative expenses	402,487			367,551			365,579		411,967
Operating (loss) income	(54,467		)	563			300,773		294,053
(Loss) Income before income taxes	(73,147		)	(19,898		)	286,139		270,821
Net (loss) income (a)	(58,177		)	(11,351		)	223,784		215,160
Net (loss) income per common share—basic	$	(0.17	)	$	(0.03	)	$	0.66	$	0.63
Weighted average number of common shares	338,579			338,843			339,420		339,815
Net (loss) income per common share—diluted	$	(0.17	)	$	(0.03	)	$	0.66	$	0.63
Weighted average number of common and potential common shares	338,579			338,843			339,790		340,364
Dividends declared per common share	$	0.38		$	0.38		$	0.38	$	0.38
Common stock market price:
High	$	30.47		$	30.20		$	26.34	$	27.69
Low	22.61			22.65			21.03		19.83
Year Ended December 31, 2014
Net sales	$	946,177		$	1,062,252		$	2,021,424	$	1,993,966
Gross profit	481,531			492,570			1,021,138		1,005,783
Advertising and promotion expenses	90,834			99,853			218,746		323,810
Other selling and administrative expenses	384,479			391,709			392,913		444,964
Operating income	6,218			1,008			409,479		237,009
(Loss) Income before income taxes	(9,421		)	(14,371		)	394,180		216,522
Net (loss) income (a)	(11,218		)	28,325			331,836		149,931
Net (loss) income per common share—basic	$	(0.03	)	$	0.08		$	0.97	$	0.44
Weighted average number of common shares	340,226			338,709			338,728		338,416
Net (loss) income per common share—diluted	$	(0.03	)	$	0.08		$	0.97	$	0.44
Weighted average number of common and potential common shares	340,226			340,644			340,329		339,506
Dividends declared per common share	$	0.38		$	0.38		$	0.38	$	0.38
Common stock market price:
High	$	47.39		$	40.32		$	39.79	$	31.86
Low	35.24			37.47			30.48		28.78

(a)

Net loss for the first and second quarters of 2015 included net tax expense of $0.7 million and net tax benefits of $4.3 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions around the world, settlements, and enacted law changes. Net income for the third and fourth quarters of 2015 included net tax expense of $0.8 million and net tax benefits of $16.3 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions around the world, settlements, and enacted tax law changes. Net loss for the first quarter of 2014 included $3.7 million of net tax expense primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the second and third quarters of 2014 included net tax benefits of $40.1 million and $15.1 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the fourth quarter of 2014 included net tax expense of $8.9 million, primarily related to a tax charge related to a 2014 tax restructuring for the HIT Entertainment and MEGA Brands operations, partially offset by reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions around the world, settlements, and enacted tax law changes.