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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | 20. Quarterly Financial Data (Unaudited) The following table sets forth our unaudited quarterly consolidated statements of operations data for each of the quarters indicated and has been retrospectively adjusted to reflect MasterBrand historical financial results as discontinued operations. The information for each quarter has been prepared on a basis consistent with our audited consolidated financial statements included in this Annual Report on Form 10-K, and reflect, in the opinion of management, all adjustments of a normal, recurring nature that are necessary for a fair statement of the financial information contained in those statements. Our historical results are not necessarily indicative of the results that may be expected in the future. The following quarterly financial data should be read in conjunction with our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
(In millions, except per share amounts) |  |  |  |  |  |  |  |  |
2022 |  | 1 st |  | 2 nd |  | 3 rd |  | 4 th |
Net sales |  | $ | 1,140.2 |  | $ | 1,255.4 |  | $ | 1,195.5 |  | $ | 1,131.9 |
Gross profit |  |  | 468.5 |  |  | 513.2 |  |  | 478.9 |  |  | 472.3 |
Income from continuing operations before income taxes |  |  | 160.3 |  |  | 189.0 |  |  | 162.5 |  |  | 155.3 |
Net income from continuing operations |  |  | 126.2 |  |  | 144.2 |  |  | 141.4 |  |  | 128.1 |
Net income (loss) from discontinued operations |  |  | 54.8 |  |  | 47.7 |  |  | 62.7 |  |  | (18.4 | )
Basic income from continuing operations per share |  |  | 0.94 |  |  | 1.11 |  |  | 1.09 |  |  | 1.00 |
Basic income(loss) from discontinued operations per share |  |  | 0.41 |  |  | 0.37 |  |  | 0.49 |  |  | (0.14 | )
Diluted income from continuing operations per share |  |  | 0.93 |  |  | 1.10 |  |  | 1.09 |  |  | 0.99 |
Diluted income (loss) from discontinued operations per share |  |  | 0.41 |  |  | 0.37 |  |  | 0.48 |  |  | (0.14 | )
Shares used in computation of basic income per share |  |  | 133.4 |  |  | 130.3 |  |  | 129.3 |  |  | 128.1 |
Shares used in computation of diluted income per share |  |  | 134.7 |  |  | 131.2 |  |  | 130.1 |  |  | 129.0 |
2021 |  | 1 st |  | 2 nd |  | 3 rd |  | 4 th |
Net sales |  | $ | 1,083.1 |  | $ | 1,230.1 |  | $ | 1,269.9 |  | $ | 1,218.0 |
Gross profit |  |  | 448.7 |  |  | 504.7 |  |  | 511.2 |  |  | 495.9 |
Income from continuing operations before income taxes |  |  | 151.3 |  |  | 200.5 |  |  | 200.1 |  |  | 174.5 |
Net income from continuing operations |  |  | 121.1 |  |  | 159.4 |  |  | 151.7 |  |  | 127.5 |
Net income from discontinued operations |  |  | 56.7 |  |  | 57.7 |  |  | 50.6 |  |  | 47.7 |
Basic income from continuing operations per share |  |  | 0.88 |  |  | 1.15 |  |  | 1.10 |  |  | 0.94 |
Basic income from discontinued operations per share |  |  | 0.41 |  |  | 0.42 |  |  | 0.37 |  |  | 0.35 |
Diluted income from continuing operations per share |  |  | 0.85 |  |  | 1.14 |  |  | 1.09 |  |  | 0.93 |
Diluted income from discontinued operations per share |  |  | 0.40 |  |  | 0.41 |  |  | 0.36 |  |  | 0.36 |
Shares used in computation of basic income per share |  |  | 138.6 |  |  | 138.4 |  |  | 137.8 |  |  | 135.3 |
Shares used in computation of diluted income per share |  |  | 140.6 |  |  | 140.4 |  |  | 139.7 |  |  | 137.3 |

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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 https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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