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 2017, the Company’s interim quarterly periods ended April 1, July 1, September 30 and December 31. In 2016, the Company’s interim quarterly periods ended April 2, July 2, October 1 and December 31.

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



	2017
(in millions, except per share data)	March 31^(a)		June 30^(b)			September 30^(c)		December 31^(d)
Net sales	$	177.8	$	224.4		$	248.7	$	247.6
Gross profit	43.6		54.7			61.3		61.6

Income from continuing operations	7.2		11.5			12.5		29.3
Gain (loss) from discontinued operations and disposal, net	0.1		(0.1		)	—		1.1
Net income	$	7.3	$	11.4		$	12.5	$	30.4
Diluted earnings per share:
Earnings from continuing operations	$	0.12	$	0.19		$	0.21	$	0.48
Earnings (loss) from discontinued operations	0.00		0.00			—		0.02
Net earnings per share	$	0.12	$	0.19		$	0.21	$	0.50


(a)	Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, restructuring charges and executive severance costs of $0.5 million, $0.5 million, $0.3 million and $0.7 million, respectively.


(b)	Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $2.5 million, $1.0 million and $0.1 million, respectively.


(c)	Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $1.3 million, $0.7 million and $0.1 million, respectively, as well as $0.6 million of tax expense associated with a change in the enacted state tax rate in Illinois.

(d)

Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, restructuring charges, pension settlement charges and hearing loss settlement charges of $0.5 million, $0.5 million, $0.1 million, $6.1 million and $1.5 million, respectively, as well as a $20.8 million net benefit from special tax items, primarily represented by the Company’s preliminary estimate of the impact of the 2017 Tax Act, including the effect of the reduction in the corporate tax rate in the U.S.



	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.