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QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED) QUARTERLY RESULTS (UNAUDITED)
The following tables contain selected unaudited Consolidated Statements of Operations and Comprehensive Income data for each quarter for the years ended December 31, 2019 and 2018. The operating results for any quarter are not necessarily indicative of results for any future period. The quarterly results are as follows (in millions):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Fiscal
Year
 
 
2019
 
 
 
 
 
 
 
 
 
 
 
Sales
$
332.8

 
$
367.3

 
$
356.5

 
$
371.5

 
$
1,428.1

 
 
Gross profit
123.8

 
140.7

 
140.4

 
144.1

 
549.0

 
 
Net earnings
18.0

 
21.7

 
17.5

 
10.3

 
67.5

 
(1) (2) (3)  
Earnings per share—Basic
$
0.37

 
$
0.44

 
$
0.36

 
$
0.21

 
$
1.38

 
(1) (2) (3)  
Earnings per share—Diluted
$
0.37

 
$
0.44

 
$
0.35

 
$
0.21

 
$
1.36

 
(1) (2) (3)  
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
 
  
Sales
$
296.6

 
$
323.4

 
$
327.7

 
$
354.6

 
$
1,302.3

 
 
Gross profit
107.7

 
119.3

 
122.8

 
131.7

 
481.5

 
 
Net earnings
15.3

 
13.1

 
20.3

 
24.6

 
73.3

 
(4) (5) (6) (7) 
Earnings per share—Basic
$
0.31

 
$
0.27

 
$
0.42

 
$
0.50

 
$
1.51

 
(4) (5) (6) (7) 
Earnings per share—Diluted
$
0.31

 
$
0.27

 
$
0.41

 
$
0.50

 
$
1.49

 
(4) (5) (6) (7) 

(1) During the first, second, third and fourth quarters of 2019, the Company recorded pension settlement charges of $0.2 million, $0.5 million, $9.8 million and $10.5 million, respectively.
(2) During the first, third and fourth quarters of 2019, the Company recorded restructuring charges of $0.1 million, $0.1 million and $0.6 million, respectively within the Office segment related to an organizational realignment that will result in greater operating efficiency and control.
(3) During the fourth quarter of 2019, the Company recorded an intangible asset impairment charge of $6.5 million.
(4) During the second, third and fourth quarters of 2018, the Company recorded pension settlement charges of $4.6 million, $0.6 million and $0.5 million, respectively.
(5) During the first, second, third and fourth quarters of 2018, the Company recorded restructuring charges of $0.5 million, $0.8 million, $1.2 million and $0.1 million, respectively within the Office segment related to an organizational realignment that will result in greater operating efficiency and control.
(6) During the first, second, third and fourth quarters of 2018, the Company recorded acquisition costs of $1.0 million, $0.5 million, $0.2 million and $0.2 million, respectively related to the acquisition of Muuto.
(7) The fourth quarter of 2018 includes the recognition of a tax benefit of $1.7 million related to the Tax Act.