Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 28, 2014

Quarterly Financial Information Disclosure [Abstract]

The following is Teledyne’s quarterly information (in millions, except per-share amounts):



	1^st Quarter			2^nd Quarter		3^rd Quarter		4^th Quarter
Fiscal year 2014 (a)
Sales	$	573.5		$	597.1	$	601.1	$	622.3
Gross profit	$	221.8		$	228.7	$	225.7	$	230.7
Net income (b)	$	46.0		$	55.8	$	54.9	$	58.9
Noncontrolling interest	$	(0.2	)	$	0.3	$	0.7	$	1.3
Net income attributable to Teledyne	$	45.8		$	56.1	$	55.6	$	60.2

Basic earnings per share attributable to Teledyne:	$	1.22		$	1.50	$	1.49	$	1.65
Diluted earnings per share attributable to Teledyne:	$	1.20		$	1.47	$	1.47	$	1.62

a) Fiscal year 2014 was a 52-week year, each quarter contained 13 weeks.
b) Includes net discrete tax benefits of $2.3 million, tax expense of $0.2 million, and net discrete tax benefits of $6.1 million and $0.7 million in the first, second, third and fourth quarters of 2014, respectively.



	1^st Quarter		2^nd Quarter			3^rd Quarter			4^th Quarter
Fiscal year 2013 (a)
Sales	$	569.4	$	601.0		$	571.6		$	596.6
Gross profit	$	204.0	$	217.4		$	202.6		$	214.6
Net income (b)	$	39.8	$	43.3		$	46.9		$	54.5
Noncontrolling interest	$	0.6	$	(0.4	)	$	(0.1	)	$	0.4
Net income attributable to Teledyne (c)	$	40.4	$	42.9		$	46.8		$	54.9

Basic earnings per share attributable to Teledyne:	$	1.09	$	1.15		$	1.25		$	1.47

Diluted earnings per share attributable to Teledyne:	$	1.07	$	1.13		$	1.23		$	1.44

a) Fiscal year 2013 was a 52-week year, each quarter contained 13 weeks.
b) Includes pretax severance and facility consolidation expenses and environmental reserves of $2.2 million, $2.2 million, $14.3 million and $5.3 million in the first, second, third and fourth quarters of 2013, respectively. The fourth quarter also includes $3.6 million from the reversal of reserves no longer needed in connection with a legal settlement in the fourth quarter.
c) Includes net discrete tax benefits of $2.7 million, $0.9 million, $11.6 million and $6.1 million in the first, second, third and fourth quarters of 2013, respectively.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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