| Selected Quarterly Financial Data (Unaudited) |
SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
The following table provides unaudited quarterly data for 2016 and 2015: | | | | | | | | | | | | | | | | | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | 2016 | | | | | | | | Net sales | $ | 316,272 |
| | $ | 364,968 |
| | $ | 331,387 |
| | $ | 376,947 |
| Gross profit | 100,901 |
| | 121,861 |
| | 114,401 |
| | 124,736 |
| Net earnings | 21,190 |
| | 53,371 |
| | 35,784 |
| | 29,044 |
| Net earnings attributable to CLARCOR Inc. | 21,163 |
| | 53,354 |
| | 35,749 |
| | 29,000 |
| Net earnings per common share attributable to CLARCOR Inc. - Basic | $ | 0.43 |
| | $ | 1.10 |
| | $ | 0.73 |
| | $ | 0.60 |
| Net earnings per common share attributable to CLARCOR Inc. - Diluted | $ | 0.43 |
| | $ | 1.09 |
| | $ | 0.73 |
| | $ | 0.59 |
| Dividends declared and paid per common share | $ | 0.2200 |
| | $ | 0.2200 |
| | $ | 0.2200 |
| | $ | 0.2500 |
| 2015 | |
| | |
| | |
| | |
| Net sales | $ | 351,123 |
| | $ | 399,799 |
| | $ | 357,557 |
| | $ | 372,547 |
| Gross profit | 112,975 |
| | 133,610 |
| | 119,755 |
| | 122,289 |
| Net earnings | 26,737 |
| | 38,573 |
| | 36,509 |
| | 33,094 |
| Net earnings attributable to CLARCOR Inc. | 26,709 |
| | 38,497 |
| | 36,445 |
| | 33,053 |
| Net earnings per common share attributable to CLARCOR Inc. - Basic | $ | 0.53 |
| | $ | 0.77 |
| | $ | 0.73 |
| | $ | 0.67 |
| Net earnings per common share attributable to CLARCOR Inc. - Diluted | $ | 0.53 |
| | $ | 0.76 |
| | $ | 0.72 |
| | $ | 0.67 |
| Dividends declared and paid per common share | $ | 0.2000 |
| | $ | 0.2000 |
| | $ | 0.2000 |
| | $ | 0.2200 |
|
Comparability between quarters is impacted by a gain on legal settlement from 3M of $27,250 in the Second Quarter of 2016 (see Note N) and a gain of approximately $12,131 related to the disposal of J.L. Clark in the Third Quarter of 2015 (see Note C). |