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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Oct. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) |
19 | Quarterly Financial Data (Unaudited)
Summarized quarterly financial data for fiscal 2020 and 2019 are as follows (dollars in thousands, except per share data):
|  | Quarter
Fiscal Year Ended October 31, 2020 |  | First |  | Second |  | Third |  | Fourth
Net sales |  | $ | 767,483 |  |  | $ | 929,398 |  |  | $ | 840,972 |  |  | $ | 840,957 |
Gross profit |  | 288,088 |  |  | 306,717 |  |  | 294,574 |  |  | 300,395 |
Net earnings |  | 70,091 |  |  | 98,446 |  |  | 88,968 |  |  | 72,196 |
Basic net earnings per share 1 |  | 0.65 |  |  | 0.92 |  |  | 0.83 |  |  | 0.67 |
Diluted net earnings per share 1 |  | $ | 0.65 |  |  | $ | 0.91 |  |  | $ | 0.82 |  |  | $ | 0.66 |
|  | Quarter
Fiscal Year Ended October 31, 2019 |  | First |  | Second 2 |  | Third 2 |  | Fourth
Net sales |  | $ | 602,956 |  |  | $ | 962,036 |  |  | $ | 838,713 |  |  | $ | 734,379 |
Gross profit |  | 215,617 |  |  | 321,298 |  |  | 265,981 |  |  | 245,067 |
Net earnings |  | 59,540 |  |  | 115,570 |  |  | 60,607 |  |  | 38,266 |
Basic net earnings per share 1 |  | 0.56 |  |  | 1.08 |  |  | 0.57 |  |  | 0.36 |
Diluted net earnings per share 1 |  | $ | 0.55 |  |  | $ | 1.07 |  |  | $ | 0.56 |  |  | $ | 0.35 |
1 The summation of quarterly basic and diluted net earnings per share amounts may not equal the fiscal year basic and diluted net earnings per share amounts presented in the Consolidated Statements of Earnings due to differences in the number of weighted-average shares of common stock outstanding during the respective quarterly and fiscal year periods and rounding. 2 During fiscal 2019, CMW's financial position, results of operations, and cash flows were reported on a calendar month end. Accordingly, April 30, 2019 and July 31, 2019 were the calendar quarterly period end dates closest to the company's quarterly fiscal periods ended May 3, 2019 and August 2, 2019, respectively. This reporting period difference did not have material impact on the company's Consolidated Results of Operations during the company's second and third fiscal quarters of fiscal 2019. For the company's fiscal 2019 fourth quarter, the reporting period end for both CMW and the company was October 31, 2019.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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