Selected Quarterly Data

12 Months Ended

Dec. 31, 2012

NOTE 17 — SELECTED QUARTERLY DATA (UNAUDITED)

The Company reports its interim quarterly periods on a 13-week basis ending on a Saturday with the fiscal year ending on December 31. For convenience purposes, the Company uses “March 31”, “June 30”, “September 30” and “December 31” to refer to its results of operations for the quarterly periods then ended. In 2012, the Company’s interim quarterly periods ended March 31, June 30, September 29 and December 31; and in 2011, the Company’s interim quarterly periods ended April 2, July 2, October 1 and December 31, respectively.

The following is a summary of the quarterly results of operations, including income per share, for the Company for the quarterly periods of fiscal 2012 and 2011 ($ in millions, except per share amount):


	2012
	March 31			June 30			September 30			December 31
Net sales	$	196.1		$	204.4		$	185.0		$	217.7
Gross profit		45.3			49.2			45.6			49.7
Income from continuing operations		3.1			9.6			4.4			4.9
Loss from discontinued operations and disposal		(4.2	)		(26.1	)		(19.1	)		(0.1	)
Net (loss) income		(1.1	)		(16.5	)		(14.7	)		4.8
Per share data — diluted:
Earnings from continuing operations	$	0.05		$	0.15		$	0.07		$	0.08
Earnings (loss) from discontinued operations		(0.07	)		(0.41	)		(0.31	)		0.00
Net (loss) income		(0.02	)		(0.26	)		(0.24	)		0.08


	2011
	March 31			June 30			September 30			December 31,
Net sales	$	150.3		$	175.6		$	167.8		$	195.0
Gross profit		33.3			39.9			36.5			45.7
(Loss) income from continuing operations		(2.4	)		5.7			3.3			6.5
Loss from discontinued operations and disposal		(3.4	)		(1.3	)		(0.9	)		(21.7	)
Net (loss) income		(5.8	)		4.4			2.4			(15.2	)
Per share data — diluted:
(Loss) earnings from continuing operations	$	(0.04	)	$	0.09		$	0.05		$	0.11
Loss from discontinued operations		(0.05	)		(0.02	)		(0.01	)		(0.36	)
Net (loss) income		(0.09	)		0.07			0.04			(0.25	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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