Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.1.9
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net sales $ 3,587,995us-gaap_SalesRevenueNet $ 3,403,983us-gaap_SalesRevenueNet $ 3,266,739us-gaap_SalesRevenueNet
Cost of sales 2,314,933us-gaap_CostOfGoodsAndServicesSold 2,174,168us-gaap_CostOfGoodsAndServicesSold 2,083,015us-gaap_CostOfGoodsAndServicesSold
Gross profit 1,273,062us-gaap_GrossProfit 1,229,815us-gaap_GrossProfit 1,183,724us-gaap_GrossProfit
Operating expenses:      
Selling and marketing 723,407us-gaap_SellingAndMarketingExpense 695,794us-gaap_SellingAndMarketingExpense 662,322us-gaap_SellingAndMarketingExpense
General and administrative 221,112us-gaap_GeneralAndAdministrativeExpense 210,778us-gaap_GeneralAndAdministrativeExpense 224,653us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 43,934us-gaap_DepreciationAndAmortization 40,589us-gaap_DepreciationAndAmortization 38,005us-gaap_DepreciationAndAmortization
Total operating expenses 988,453us-gaap_OperatingExpenses 947,161us-gaap_OperatingExpenses 924,980us-gaap_OperatingExpenses
Operating income 284,609us-gaap_OperatingIncomeLoss [1],[2] 282,654us-gaap_OperatingIncomeLoss [3] 258,744us-gaap_OperatingIncomeLoss [4]
Other income (expense):      
Interest income 184us-gaap_InvestmentIncomeInterest 205us-gaap_InvestmentIncomeInterest 564us-gaap_InvestmentIncomeInterest
Interest expense (7,266)us-gaap_InterestExpense (6,718)us-gaap_InterestExpense (20,811)us-gaap_InterestExpense
Loss on debt extinguishment 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (18,627)us-gaap_GainsLossesOnExtinguishmentOfDebt
Total other expense, net (7,082)us-gaap_NonoperatingIncomeExpense (6,513)us-gaap_NonoperatingIncomeExpense (38,874)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes 277,527us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [1],[2] 276,141us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [3] 219,870us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [4]
Income tax provision (104,543)us-gaap_IncomeTaxExpenseBenefit [1],[2] (97,692)us-gaap_IncomeTaxExpenseBenefit [3] (83,373)us-gaap_IncomeTaxExpenseBenefit [4]
Income from continuing operations 172,984us-gaap_IncomeLossFromContinuingOperations 178,449us-gaap_IncomeLossFromContinuingOperations 136,497us-gaap_IncomeLossFromContinuingOperations [4]
Loss from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (5,822)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 172,984us-gaap_NetIncomeLoss [1],[2] $ 178,449us-gaap_NetIncomeLoss [3] $ 130,675us-gaap_NetIncomeLoss [4]
Income from continuing operations per share:      
Basic (usd per share) $ 3.28us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 3.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.42us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Diluted (usd per share) $ 3.23us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 3.25us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.36us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Net income per share:      
Basic (usd per share) $ 3.28us-gaap_EarningsPerShareBasic $ 3.33us-gaap_EarningsPerShareBasic $ 2.32us-gaap_EarningsPerShareBasic
Diluted (usd per share) $ 3.23us-gaap_EarningsPerShareDiluted $ 3.25us-gaap_EarningsPerShareDiluted $ 2.25us-gaap_EarningsPerShareDiluted
Shares used in computing earnings per share:      
Basic (shares) 52,736us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53,640us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 56,314us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 53,633us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 54,857us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 57,956us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per common share (usd per share) $ 1.10us-gaap_CommonStockDividendsPerShareDeclared $ 0.79us-gaap_CommonStockDividendsPerShareDeclared $ 0.555us-gaap_CommonStockDividendsPerShareDeclared
[1] (b) Results for the year ended December 31, 2014 include a $3.1 million settlement with the Consumer Product Safety Commission ("CPSC").
[2] (a) Results for the year ended December 31, 2014 include $5.0 million of revenue related to the reversal of certain unused merchandise credits.
[3] (a) Results for the year ended December 31, 2013 include fair value adjustments of $3.6 million related to a contingent consideration liability and $3.0 million for the impairment of indefinite-lived intangible assets, both related to the 2012 acquisition of Chasing Fireflies, one of the Cornerstone brands
[4] (a) Results for the year ended December 31, 2012 include a $7.8 million sales tax settlement.