For the Nine Months Ended September 30, 2012

 

GAAP Q3YTD 2012
 

Pro formaadjustments
    Pro forma  

Additionaladjustments
   

Pro FormaAdjusted Q3YTD 2012
 
(Dollars in Thousands, Except Share and Per Share Data)
 
Total net sales $ 1,681,327 $ 17,488 (a) $ 1,698,815 $ (2,749 ) (e) $ 1,696,066
Cost of sales   1,089,098     7,860   (a)   1,096,958     (14,101 ) (e)   1,082,857  
Gross profit 592,229 9,628 601,857 11,352 613,209
Related party license income 32,043 (32,043 ) (b) - - -
Operating costs and expenses:
Selling and distribution 368,408 - 368,408 (1,475 ) (e) 366,933
General and administrative   121,435     (4,631 ) (c)   116,804     3,606   (f)   120,410  
Total operating costs and expenses   489,843     (4,631 )   485,212     2,131     487,343  
Operating income 134,429 (17,784 ) 116,645 9,221 125,866
Other expense:
Interest expense 3,600 14,193 (d) 17,793 207 (g) 18,000
Other expense, net   780     -     780     -     780  
Total other expense   4,380     14,193     18,573     207     18,780  

Income from continuing operations before income taxes
130,049 (31,977 ) 98,072 9,014 107,086
Income tax expense   46,066     (11,192 ) (h)   34,874     (1,200 ) (h)   33,674  
Income from continuing operations $ 83,983   $ (20,785 ) $ 63,198   $ 10,214   $ 73,412  
 
Earnings per Share, Basic and Diluted:
Basic $ 0.42 (i)
Diluted $ 0.42 (i)
 
Weighted Average Shares Outstanding, Basic and Diluted:
Basic 173,000,000
Diluted 173,655,000

* See notes to Earnings Release Tables

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