2016 (a)
|
||||||||||||||||||||
First
Quarter
|
Second
Quarter
|
Third
Quarter
|
Fourth
Quarter
|
Full
Year
|
||||||||||||||||
Net sales
|
$
|
2,606,982
|
$
|
2,294,762
|
$
|
3,298,484
|
$
|
3,138,251
|
$
|
11,338,479
|
||||||||||
Royalty income
|
27,435
|
25,704
|
29,232
|
27,732
|
110,103
|
|||||||||||||||
Total revenues
|
2,634,417
|
2,320,466
|
3,327,716
|
3,165,983
|
11,448,582
|
|||||||||||||||
Costs and operating expenses
|
||||||||||||||||||||
Cost of goods sold
|
1,350,700
|
1,185,247
|
1,693,071
|
1,591,228
|
5,820,246
|
|||||||||||||||
Selling, general and administrative expenses
|
971,920
|
940,797
|
1,026,398
|
1,204,708
|
4,143,823
|
|||||||||||||||
Impairment of goodwill and intangible assets
|
-
|
-
|
-
|
79,644
|
79,644
|
|||||||||||||||
Total costs and operating expenses
|
2,322,620
|
2,126,044
|
2,719,469
|
2,875,580
|
10,043,713
|
|||||||||||||||
Operating income
|
311,797
|
194,422
|
608,247
|
290,403
|
1,404,869
|
|||||||||||||||
Interest, net
|
(20,020
|
)
|
(21,394
|
)
|
(22,568
|
)
|
(21,564
|
)
|
(85,546
|
)
|
||||||||||
Other income (expense), net
|
1,292
|
1,501
|
(1,097
|
)
|
305
|
2,001
|
||||||||||||||
Income from continuing operations before income taxes
|
293,069
|
174,529
|
584,582
|
269,144
|
1,321,324
|
|||||||||||||||
Income taxes
|
51,134
|
38,036
|
99,358
|
16,060
|
204,588
|
|||||||||||||||
Income from continuing operations
|
241,935
|
136,493
|
485,224
|
253,084
|
1,116,736
|
|||||||||||||||
Income (loss) from discontinued operations, net of tax
|
18,334
|
(85,478
|
)
|
13,265
|
11,249
|
(42,630
|
)
|
|||||||||||||
Net income
|
$
|
260,269
|
$
|
51,015
|
$
|
498,489
|
$
|
264,333
|
$
|
1,074,106
|
||||||||||
Earnings (loss) per common share - basic (b)
|
||||||||||||||||||||
Continuing operations
|
$
|
0.57
|
$
|
0.33
|
$
|
1.17
|
$
|
0.61
|
$
|
2.68
|
||||||||||
Discontinued operations
|
0.04
|
(0.21
|
)
|
0.03
|
0.03
|
(0.10
|
)
|
|||||||||||||
Total earnings per common share - basic
|
$
|
0.62
|
$
|
0.12
|
$
|
1.21
|
$
|
0.64
|
$
|
2.58
|
||||||||||
Earnings (loss) per common share - diluted (b)
|
||||||||||||||||||||
Continuing operations
|
$
|
0.56
|
$
|
0.32
|
$
|
1.16
|
$
|
0.61
|
$
|
2.65
|
||||||||||
Discontinued operations
|
0.04
|
(0.20
|
)
|
0.03
|
0.03
|
(0.10
|
)
|
|||||||||||||
Total earnings per common share - diluted
|
$
|
0.61
|
$
|
0.12
|
$
|
1.19
|
$
|
0.63
|
$
|
2.54
|
||||||||||
Weighted average shares outstanding
|
||||||||||||||||||||
Basic
|
421,748
|
415,991
|
413,461
|
413,214
|
416,103
|
|||||||||||||||
Diluted
|
429,133
|
422,059
|
419,240
|
417,891
|
422,081
|
|||||||||||||||
Cash dividends per common share
|
$
|
0.37
|
$
|
0.37
|
$
|
0.37
|
$
|
0.42
|
$
|
1.53
|
||||||||||
Twelve Months Ended December
|
||||
2016
|
||||
Diluted earnings per share from continuing operations
|
$
|
2.65
|
||
Adjusted amounts (a)
|
$
|
0.33
|
||
Diluted earnings per share from continuing operations - adjusted
|
$
|
2.98
|
||
Contribution from Licensing Business (b)
|
$
|
0.13
|
||
Adjusted diluted earnings per share from continuing operations including contribution from Licensing Business
|
$
|
3.11
|
Twelve Months Ended
|
||||
December 2016
|
||||
Diluted loss per share from discontinued operations, as reported under GAAP
|
$
|
(0.10
|
)
|
|
Diluted loss per share related to discontinued operations of Contemporary Brands in 2016
|
0.23
|
|||
Diluted per share contribution from Licensing Business reported in discontinued operations
|
$
|
0.13
|