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.