Unaudited Quarterly Results

12 Months Ended

Feb. 26, 2021

Unaudited Quarterly Results [Abstract]

UNAUDITED QUARTERLY RESULTS


Unaudited Quarterly Results	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
2021
Revenue	$	482.8	$	818.8	$	617.5	$	677.1	$	2,596.2
Gross profit	122.7		269.6		177.9		192.6		762.8
Operating income (loss)	(52.3)		88.6		—		6.7		43.0
Net income (loss)	(38.1)		55.5		2.1		6.6		26.1
Basic earnings (loss) per share	(0.33)		0.47		0.02		0.06		0.22
Diluted earnings (loss) per share	(0.33)		0.47		0.02		0.06		0.22
2020
Revenue	$	824.3	$	998.0	$	955.2	$	946.2	$	3,723.7
Gross profit	258.4		333.5		316.1		307.2		1,215.2
Operating income	27.6		85.3		75.1		69.0		257.0
Net income	17.8		60.5		54.9		66.5		199.7
Basic earnings per share	0.15		0.50		0.46		0.56		1.67
Diluted earnings per share	0.15		0.50		0.46		0.55		1.66

Revenue comparisons have been impacted by currency translation effects, acquisitions and divestitures. See Note 20 and Note 21 for additional information.

Operating income and net income included a goodwill impairment charge in Q1 2021 and restructuring costs in Q2 2021, Q3 2021 and Q4 2021. See Note 11 and Note 23, respectively, for additional information. Operating income and net income in Q4 2020 included a gain on the sale of PolyVision. See Note 21 for additional information.