21) QUARTERLY FINANCIAL DATA (Unaudited)



					Net Earnings
			Gross					Per Share						Stock Price				Dividends
	Net Sales		Profit		Amount			Basic			Diluted			High		Low		Declared
2016
First	$	596,605	$	160,968	$	32,969		$	1.45		$	1.45		$	125.69	$	96.50	$	0.375
Second	640,249		175,117		42,026			1.86			1.85			145.94		117.10		0.375
Third	610,247		155,023		28,173			1.25			1.24			139.62		125.60		0.375
Fourth (1)	674,575		165,135		70,064			3.12			3.10			156.05		120.65		0.375
Year	$	2,521,676	$	656,243	$	173,232		$	7.68		$	7.63		$	156.05	$	96.50	$	1.50
2015
First	$	670,398	$	165,454	$	30,739		$	1.29		$	1.28		$	130.26	$	117.56	$	0.375
Second (2)	682,123		169,548		27,873			1.19			1.19			128.26		118.09		0.375
Third (3)	632,575		156,751		12,066			0.52			0.52			121.23		97.44		0.375
Fourth (4)	633,828		129,280		(30,561		)	(1.34		)	(1.34		)	117.94		93.99		0.375
Year	$	2,618,924	$	621,033	$	40,117		$	1.72		$	1.71		$	130.26	$	93.99	$	1.50

Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year.

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(1)	The fourth quarter of 2016 included a deferred income tax benefit of $30,590 ($1.35 per share)

primarily attributable to the re-measurement of the deferred tax asset related to the Company's U.K. defined benefit pension plan. In addition, fiscal 2016 included $9,888 ($0.44 per share) recorded as a valuation allowance against a tax credit asset. Finally, the fourth quarter of 2016 included the reversal of a contingent liability that was recognized as part of the Delta purchase accounting of $16,591 ($0.73 per share).

(2) The second quarter of 2015 included costs associated with the restructuring plan (the "2015 Plan") that was

approved by the Board of Directors in April 2015 of $9,828 after tax ($0.42 per share).

(3) The third quarter of 2015 included costs associated with the Plan of $6,310 after tax ($0.27 per share) and non-

cash impairments of goodwill and trade names of $13,370 after tax ($0.58 per share).


(4)	The fourth quarter of 2015 included costs associated with the Plan of $11,521 after tax ($0.50 per share) and non-cash impairments of goodwill and intangibles of $7,130 and $19,640 after tax (combined $1.16 per

share) related to our APAC Coatings and Access Systems businesses, respectively. In addition, the Company recorded a one time increase in its warranty reserve related to one large utility project of $11,135 after tax ($0.50 per share) and an increase to the bad debt allowance for a large international irrigation receivable of $5,110 after tax ($0.21 per share). Lastly, U.K. corporate tax rates were collectively reduced from 20% to 18% which reduced the value of our deferred tax assets associated with net operating loss carryforwards and certain timing differences which increased the Company's tax expense by $7,120 ($0.31 per share).