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. The effects of this practice exist only within a reporting year. For ease of presentation, 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 2016, the Company’s interim quarterly periods ended April 2, July 2, October 1 and December 31. In 2015, the Company’s interim quarterly periods ended March 28, June 27, September 26 and December 31.

The following table summarizes the quarterly results of operations, including earnings per share:



	2016^(a)
(in millions, except per share data)	March 31^(b)		June 30^(c)			September 30^(d)		December 31^(e)
Net sales	$	172.8	$	172.3		$	186.7	$	176.1
Gross profit	47.4		45.0			45.3		45.4

Income from continuing operations	10.4		9.4			7.5		12.1
Gain (loss) from discontinued operations and disposal, net	3.2		(0.3		)	1.0		0.5
Net income	$	13.6	$	9.1		$	8.5	$	12.6
Diluted earnings per share:
Earnings from continuing operations	$	0.17	$	0.15		$	0.12	$	0.20
Earnings (loss) from discontinued operations	0.05		(0.00)			0.02		0.01
Net earnings per share	$	0.22	$	0.15		$	0.14	$	0.21


(a)	The adoption of ASU 2016-09 in the fourth quarter of 2016 did not impact the previously-reported quarterly results for 2016.


(b)	Income from continuing operations includes acquisition and integration-related expenses, restructuring charges and debt settlement charges of $0.5 million, $1.2 million and $0.3 million, respectively.


(c)	Income from continuing operations includes purchase accounting expenses and acquisition and integration-related expenses of $0.5 million and $0.4 million, respectively.


(d)	Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses and restructuring charges of $2.5 million, $0.3 million and $0.4 million, respectively.


(e)	Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses and restructuring charges of $0.9 million, $0.2 million and $0.1 million, respectively, as well as a $2.2 million net benefit resulting from changes in deferred tax valuation allowances in Canada and the U.K.



	2015
(in millions, except per share data)	March 31		June 30^(a)		September 30		December 31^(b)
Net sales	$	196.5	$	205.4	$	179.7	$	186.4
Gross profit	54.9		60.7		54.7		55.3

Income from continuing operations	14.4		18.2		15.8		17.4
Gain (loss) from discontinued operations and disposal, net	0.5		0.1		3.0		(5.9		)
Net income	$	14.9	$	18.3	$	18.8	$	11.5
Diluted earnings per share:
Earnings from continuing operations	$	0.22	$	0.29	$	0.25	$	0.27
Earnings (loss) from discontinued operations	0.01		0.00		0.05		(0.09		)
Net earnings per share	$	0.23	$	0.29	$	0.30	$	0.18


(a)	Income from continuing operations includes restructuring charges of $0.4 million.

(b)

Income from continuing operations includes a $1.4 million net benefit from special tax items, comprised of a $4.2 million net tax benefit associated with tax planning strategies, offset by a $2.4 million adjustment of deferred tax assets and $0.4 million of expense associated with a change in the enacted tax rate in the U.K. Gain (loss) from discontinued operations and disposal, net includes tax expense of $6.3 million associated with recognizing a net deferred tax liability for the outside basis differences of entities being sold as part of the sale of Bronto.