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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 29, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
 
Selected quarterly financial information is as follows for the fiscal years ended:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(1)(2)
 
Year
 
(In thousands, except per share data)
December 29, 2013
 
 
 
 
 
 
 
 
 
Revenue
$
505,378

 
$
543,297

 
$
524,277

 
$
593,280

 
$
2,166,232

Gross profit
224,885

 
242,299

 
233,512

 
276,278

 
976,974

Restructuring and contract termination charges, net
3,310

 
19,277

 
1,126

 
10,215

 
33,928

Operating income from continuing operations
35,901

 
39,664

 
57,196

 
84,681

 
217,442

Income from continuing operations before income taxes
23,861

 
26,799

 
44,856

 
57,816

 
153,332

Income from continuing operations
32,289

 
26,936

 
40,299

 
68,400

 
167,924

Net income
32,216

 
27,925

 
40,198

 
66,873

 
167,212

Basic earnings per share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.28

 
$
0.24

 
$
0.36

 
$
0.61

 
$
1.50

Net income
0.28

 
0.25

 
0.36

 
0.60

 
1.49

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.28

 
$
0.24

 
$
0.36

 
$
0.60

 
$
1.48

Net income
0.28

 
0.25

 
0.36

 
0.59

 
1.47

Cash dividends declared per common share
0.07

 
0.07

 
0.07

 
0.07

 
0.28

 
 
 
 
 
 
 
 
 
 
December 30, 2012
 
 
 
 
 
 
 
 
 
Revenue
$
510,890

 
$
521,790

 
$
509,604

 
$
572,921

 
$
2,115,205

Gross profit
232,014

 
238,794

 
230,740

 
261,658

 
963,206

Restructuring and contract termination charges, net
6,159

 
5,203

 
9,672

 
4,103

 
25,137

Operating income from continuing operations
36,382

 
49,787

 
43,218

 
(30,844
)
 
98,543

Income (loss) from continuing operations before income taxes
23,552

 
38,429

 
31,346

 
(42,740
)
 
50,587

Income (loss) from continuing operations
22,076

 
33,568

 
28,989

 
(16,192
)
 
68,441

Net income (loss)
22,569

 
33,633

 
29,594

 
(15,856
)
 
69,940

Basic earnings per share:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.20

 
$
0.30

 
$
0.25

 
$
(0.14
)
 
$
0.60

Net income (loss)
0.20

 
0.30

 
0.26

 
(0.14
)
 
0.61

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Income (loss) continuing operations
$
0.19

 
$
0.29

 
$
0.25

 
$
(0.14
)
 
$
0.60

Net income (loss)
0.20

 
0.29

 
0.26

 
(0.14
)
 
0.61

Cash dividends declared per common share
0.07

 
0.07

 
0.07

 
0.07

 
0.28

____________________________
(1)
The fourth quarter of fiscal year 2013 includes pre-tax income of $17.6 million as a result of the mark-to-market adjustment on postretirement benefit plans. See Note 1 for a discussion of this accounting policy. The fourth quarter of fiscal year 2013 also includes pre-tax impairment charges of $6.7 million as the carrying amounts of certain long-lived assets were not recoverable and exceeded their fair value. The fourth quarter of fiscal year 2013 also includes a tax benefit of $9.2 million related to discrete items primarily for lapses in statues of limitations and audit settlements.
(2)
The fourth quarter of fiscal year 2012 includes a pre-tax loss of $31.8 million as a result of the mark-to-market adjustment on postretirement benefit plans. See Note 1 for a discussion of this accounting policy. The fourth quarter of fiscal year 2012 also includes pre-tax impairment charges of $74.2 million as a result of a review of certain trade names within the Company's portfolio as part of a realignment of its marketing strategy.