| 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 |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net sales |
|
$ |
1,504,957 |
|
|
$ |
1,451,131 |
|
|
$ |
4,465,909 |
|
|
$ |
4,307,187 |
|
Cost of sales |
|
|
1,068,640 |
|
|
|
1,021,948 |
|
|
|
3,158,959 |
|
|
|
3,030,474 |
|
Gross profit |
|
|
436,317 |
|
|
|
429,183 |
|
|
|
1,306,950 |
|
|
|
1,276,713 |
|
Compensation expenses |
|
|
133,761 |
|
|
|
127,737 |
|
|
|
399,552 |
|
|
|
383,921 |
|
Freight out expenses |
|
|
23,434 |
|
|
|
24,801 |
|
|
|
69,914 |
|
|
|
70,573 |
|
Other selling and administrative expenses |
|
|
106,927 |
|
|
|
98,658 |
|
|
|
314,998 |
|
|
|
294,024 |
|
Operating income |
|
|
172,195 |
|
|
|
177,987 |
|
|
|
522,486 |
|
|
|
528,195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other non-operating expenses, net |
|
|
11,762 |
|
|
|
12,004 |
|
|
|
38,402 |
|
|
|
35,387 |
|
Income before income taxes and equity in earnings |
|
$ |
160,433 |
|
|
$ |
165,983 |
|
|
$ |
484,084 |
|
|
$ |
492,808 |
|
The tables below present supplemental information for our segment (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation |
|
$ |
11,807 |
|
|
$ |
10,634 |
|
|
$ |
34,461 |
|
|
$ |
30,438 |
|
Amortization |
|
|
2,207 |
|
|
|
2,286 |
|
|
|
6,750 |
|
|
|
6,598 |
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
|
2026 |
|
|
2025 |
|
Receivables, net |
|
$ |
135,492 |
|
|
$ |
138,072 |
|
Receivables pledged under receivables facility |
|
|
342,965 |
|
|
|
305,537 |
|
Product inventories, net |
|
|
1,185,177 |
|
|
|
1,223,809 |
|
|