Annual report pursuant to Section 13 and 15(d)

Quarterly Information (Unaudited)

v2.4.0.6
Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Information (Unaudited) [Abstract]  
Quarterly Information (Unaudited)

15.    Quarterly Information (Unaudited)

Quarterly net income, basic earnings per share, and diluted earnings per share presented in the table below reflect the change in accounting principle and stock split discussed in Note 2, Basis of Presentation.

 

 

                 
            2011                     2010          
    (In millions, except per share data)  

First Quarter Ended March 31

                

Net sales

   $ 795.1     $ 618.6  

Gross profit

     632.3       478.2  

Net income(1)(2)

     88.0       51.8  

Earnings per share

                

Basic(1)(2)

   $ 0.74     $ 0.43  

Diluted(1)(2)

   $ 0.70     $ 0.41  

Second Quarter Ended June 30

                

Net sales

   $ 879.7     $ 688.8  

Gross profit

     708.6       552.2  

Net income

     111.2       82.2  

Earnings per share

                

Basic

   $ 0.93     $ 0.69  

Diluted

   $ 0.88     $ 0.65  

Third Quarter Ended September 30

                

Net sales

   $ 895.2     $ 688.4  

Gross profit

     719.9       555.2  

Net income

     108.0       78.9  

Earnings per share

                

Basic

   $ 0.92     $ 0.67  

Diluted

   $ 0.87     $ 0.63  

Fourth Quarter Ended December 31

                

Net sales

   $ 884.5     $ 738.4  

Gross profit

     713.7       589.8  

Net income(3)

     105.4       86.3  

Earnings per share

                

Basic(3)

   $ 0.91     $ 0.73  

Diluted(3)

   $ 0.86     $ 0.69  

 

(1) Net income, basic earnings per share and diluted earnings per share for the three months ended March 31, 2011, were previously reported as $87.6 million, $0.74 per share, and $0.71 per share, respectively, as adjusted for the stock split.

 

(2) Net income, basic earnings per share and diluted earnings per share for the three months ended March 31, 2010, were not affected by the change in accounting principle noted above.

 

(3) Net income, basic earnings per share and diluted earnings per share for the three months ended December 31, 2010, were previously reported as $81.0 million, $0.69 per share, and $0.65 per share, respectively, as adjusted for the stock split.