Quarterly Results For The Year

12 Months Ended

Dec. 31, 2011

Quarterly Results For The Year [Abstract]

Note 14 – Quarterly Results for the Year (Unaudited)


(in thousands, except per share data) For year ended December 31,			First				Second				Third				Fourth			Year
2011
Net sales			$	611,020			$	643,773			$	659,456			$	631,618		$	2,545,867
Cost of sales				397,850				423,041				436,437				425,765		$	1,683,093
Gross profit				213,170				220,732				223,019				205,853			862,774
Operating profit				72,860				79,943				82,116	(a	)		(192,655	)		42,264
Net income attributable to common shareholders				48,467				50,437				52,540	(b	)		(125,129	)		26,315
Earnings per basic share				0.83				0.87				0.91				(2.16	)		0.45
Earnings per diluted share				0.81				0.85				0.89				(2.16	)		0.44
2010
Net sales			$	530,291			$	552,814			$	560,714			$	574,006		$	2,217,825
Cost of sales				352,271				361,779				373,171				385,381			1,472,602
Gross profit				178,020				191,035				187,543				188,625			745,223
Operating profit	(c	)		53,280	(e	)		65,304	(g	)		62,879	(i	)		53,699			235,162
Net income attributable to common shareholders	(d	)		33,234	(f	)		40,041	(h	)		41,507	(j	)		39,388			154,170
Earnings per basic share				0.57				0.68				0.71				0.67			2.63
Earnings per diluted share				0.56				0.67				0.70				0.66			2.59

(a)	Includes a $241,647 asbestos provision and a $30,327 environmental provision.

(b)	Includes the impact of item ( a ) cited above, net of tax.

(c)	Includes $135 of restructuring charges

(d)	Includes the impact of item ( c ) cited above, net of tax.

(e)	Includes $885 of restructuring charges

(f)	Includes the impact of item ( e ) cited above, net of tax.

(g)	Includes $415 of restructuring charges

(h)	Includes the impact of item ( g ) cited above, net of tax.

(i)	Includes $7,841 of restructuring charges and $1,276 of transaction costs associated with the acquisition of Money Controls.

(j)	Includes the impact of item ( i ) cited above, net of tax and a $5,625 tax benefit caused by the reinvestment of non-U.S. earnings associated with the acquisition of Money Controls

- 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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