| Schedule of Segment Reporting Information, by Segment |
The table below presents segment revenue, operating expenses and operating income and reconciles segment operating income to consolidated income before taxes and equity in earnings (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net sales |
|
$ |
1,822,938 |
|
|
$ |
1,784,530 |
|
|
$ |
2,960,952 |
|
|
$ |
2,856,056 |
|
Cost of sales |
|
|
1,282,176 |
|
|
|
1,249,369 |
|
|
|
2,090,319 |
|
|
|
2,008,526 |
|
Gross profit |
|
|
540,762 |
|
|
|
535,161 |
|
|
|
870,633 |
|
|
|
847,530 |
|
Compensation expenses |
|
|
141,245 |
|
|
|
135,815 |
|
|
|
265,791 |
|
|
|
256,184 |
|
Freight out expenses |
|
|
28,190 |
|
|
|
28,650 |
|
|
|
46,479 |
|
|
|
45,772 |
|
Other selling and administrative expenses |
|
|
103,648 |
|
|
|
98,026 |
|
|
|
208,073 |
|
|
|
195,367 |
|
Operating income |
|
|
267,679 |
|
|
|
272,670 |
|
|
|
350,290 |
|
|
|
350,207 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation: |
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|
|
|
|
|
|
|
|
|
|
|
Interest and other non-operating expenses, net |
|
|
14,273 |
|
|
|
12,219 |
|
|
|
26,639 |
|
|
|
23,381 |
|
Income before income taxes and equity in earnings |
|
$ |
253,406 |
|
|
$ |
260,451 |
|
|
$ |
323,651 |
|
|
$ |
326,826 |
|
The tables below present supplemental information for our segment (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation |
|
$ |
11,385 |
|
|
$ |
9,964 |
|
|
$ |
22,654 |
|
|
$ |
19,804 |
|
Amortization |
|
|
2,265 |
|
|
|
2,165 |
|
|
|
4,543 |
|
|
|
4,312 |
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
Receivables, net |
|
$ |
190,947 |
|
|
$ |
172,028 |
|
Receivables pledged under receivables facility |
|
|
446,914 |
|
|
|
404,776 |
|
Product inventories, net |
|
|
1,378,695 |
|
|
|
1,330,221 |
|
|