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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following is Teledyne’s quarterly information (in millions, except per-share amounts):
 
 
  
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th 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.
 
  
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th 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.