QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2014

NOTE 23. QUARTERLY FINANCIAL INFORMATION

The following is a summary of the unaudited quarterly results of operations. The Company believes that all adjustments considered necessary for a fair presentation in accordance with GAAP have been included (unaudited, in millions, except per share data).


	Quarters ended,
	March 31		June 30		September 30		December 31
*2014*
Net sales	$	493.6	$	536.1	$	553.3	$	544.4
Gross profit		222.5		238.5		259.3		255.6
Operating income		114.8		132.2		147.3		117.8
Income before income taxes		79.3		94.7		116.3		77.8
Net income		52.1		57.2		68.8		50.5
Basic earnings per share	$	0.29	$	0.32	$	0.38	$	0.28
Diluted earnings per share	$	0.28	$	0.31	$	0.38	$	0.28

*2013*
Net sales	$	457.4	$	512.1	$	466.3	$	491.0
Gross profit		198.3		226.1		206.1		211.4
Operating income		81.4		117.7		111.2		99.6
Income before income taxes		44.4		81.8		72.4		67.5
Net income		27.5		50.5		44.5		42.9
Basic earnings per share	$	0.15	$	0.27	$	0.24	$	0.24
Diluted earnings per share	$	0.15	$	0.26	$	0.24	$	0.23

- 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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