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QUARTERLY RESULTS OF OPERATIONS
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS OF OPERATIONS
20. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following tables set forth selected unaudited quarterly Consolidated Statements of Earnings information for the fiscal years ended December 31, 2015 and 2014. The fourth quarter of 2015 included a one-time $20 million operating income benefit as a result of the receipt of a $468 million direct order with China for AP1000 reactor coolant pumps, which included the sale of certain intellectual property rights.

(In thousands, except per share data)
 
First
 
Second
 
Third
 
Fourth
2015
 
 
 
 
 
 
 
 
Net sales
 
$
546,199

 
$
545,194

 
$
525,535

 
$
588,755

Gross profit
 
191,096

 
182,351

 
185,494

 
224,314

Earnings from continuing operations
 
43,223

 
40,121

 
38,142

 
70,762

Loss from discontinued operations
 
(27,232
)
 
(14,384
)
 
(4,258
)
 
(913
)
Net earnings
 
15,991

 
25,737

 
33,884

 
69,849

Basic earnings per share *
 
 
 
 
 
 
 
 
Earnings from continuing operations
 
$
0.91

 
$
0.85

 
$
0.82

 
$
1.56

Loss from discontinued operations
 
(0.57
)
 
(0.31
)
 
(0.09
)
 
(0.02
)
Total
 
$
0.34

 
$
0.54

 
$
0.73

 
$
1.54

Diluted earnings per share *
 
 
 
 
 
 
 
 
Earnings from continuing operations
 
$
0.89

 
$
0.83

 
$
0.80

 
$
1.53

Loss from discontinued operations
 
(0.56
)
 
(0.30
)
 
(0.09
)
 
(0.02
)
Total
 
$
0.33

 
$
0.53

 
$
0.71

 
$
1.51

 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
Net sales
 
$
542,959

 
$
569,198

 
$
558,383

 
$
572,586

Gross profit
 
184,614

 
198,231

 
193,331

 
200,340

Earnings from continuing operations
 
36,430

 
43,009

 
44,378

 
46,132

Loss from discontinued operations
 
(1,266
)
 
(6,618
)
 
(19,345
)
 
(29,382
)
Net earnings
 
35,164

 
36,391

 
25,033

 
16,750

Basic earnings per share *
 
 
 
 
 
 
 
 
Earnings from continuing operations
 
$
0.76

 
$
0.90

 
$
0.92

 
$
0.96

Loss from discontinued operations
 
(0.03
)
 
(0.14
)
 
(0.40
)
 
(0.61
)
Total
 
$
0.73

 
$
0.76

 
$
0.52

 
$
0.35

Diluted earnings per share *
 
 
 
 
 
 
 
 
Earnings from continuing operations
 
$
0.74

 
$
0.87

 
$
0.90

 
$
0.94

Loss from discontinued operations
 
(0.02
)
 
(0.13
)
 
(0.39
)
 
(0.60
)
Total
 
$
0.72

 
$
0.74

 
$
0.51

 
$
0.34


* May not add due to rounding