XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Quarterly Results of Operations | 12 Months Ended
--- | ---
Dec. 31, 2017
Quarterly Results of Operations |
15. | Quarterly Results of Operations (Unaudited)
(dollars in millions, except per share amounts) |
|  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net sales |  | $ | 740.0 |  |  | $ | 636.9 |  |  | $ | 738.2 |  |  | $ | 667.0 |  |  | $ | 749.9 |  |  | $ | 683.9 |  |  | $ | 768.6 |  |  | $ | 698.1 |
Gross profit |  |  | 302.3 |  |  |  | 262.7 |  |  |  | 305.9 |  |  |  | 283.7 |  |  |  | 306.7 |  |  |  | 283.3 |  |  |  | 323.8 |  |  |  | 289.6 |
Net earnings |  |  | 87.7 |  |  |  | 73.5 |  |  |  | 92.4 |  |  |  | 87.1 |  |  |  | 93.7 |  |  |  | 83.2 |  |  |  | 22.7 |  |  |  | 82.7 |
Basic earnings per share |  |  | 0.51 |  |  |  | 0.42 |  |  |  | 0.53 |  |  |  | 0.50 |  |  |  | 0.54 |  |  |  | 0.48 |  |  |  | 0.13 |  |  |  | 0.48 |
Diluted earnings per share |  |  | 0.50 |  |  |  | 0.41 |  |  |  | 0.53 |  |  |  | 0.49 |  |  |  | 0.54 |  |  |  | 0.47 |  |  |  | 0.13 |  |  |  | 0.47 |
Common dividends declared |  |  | 0.14 |  |  |  | 0.12 |  |  |  | 0.14 |  |  |  | 0.12 |  |  |  | 0.14 |  |  |  | 0.12 |  |  |  | 0.14 |  |  |  | 0.12 |
Net earnings per share are computed separately for each period, and therefore, the sum of such quarterly per share amounts may differ from the total for the year. In the fourth quarter of 2017, the Company recorded provisional one-time charges of $81.8 million associated with U.S. Tax Reform, primarily related to the repatriation of undistributed foreign earnings. These charges reduced earnings per share by $0.47.

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration