

	First ⁽¹⁾		Second ⁽²⁾		Third ⁽³⁾		Fourth ⁽⁴⁾
2017
Net sales	$	580,897	$	626,858	$	669,491	$	747,185
Gross profit	203,856		217,488		219,516		239,466
Income before income taxes	77,900		83,966		130,642		73,728
Net income	55,844		61,352		106,126		24,181
Basic earnings per share ⁽⁵⁾	$	0.85	$	0.93	$	1.61	$	0.37
Diluted earnings per share ⁽⁵⁾	$	0.84	$	0.92	$	1.59	$	0.36
2016
Net sales	$	550,772	$	592,418	$	567,646	$	563,828
Gross profit	189,102		202,927		199,812		197,457
Income before income taxes	73,182		45,758		80,296		78,152
Net income	53,638		31,317		60,049		53,395
Basic earnings per share ⁽⁵⁾	$	0.77	$	0.46	$	0.90	$	0.81
Diluted earnings per share ⁽⁵⁾	$	0.76	$	0.45	$	0.89	$	0.81


(1)	2017 includes special item charges of $3,615 ($2,734 after-tax) related to acquisition transaction costs.


(2)	2017 includes special item charges of $4,498 ($3,494 after-tax) related to acquisition transaction and integration costs.

2016 includes special item charges of $34,348 ($33,251 after-tax) primarily related to the loss on deconsolidation of Venezuelan subsidiary and a tax benefit of $7,196 related to the reversal of an income tax valuation allowance as a result of a legal entity change to realign the Company's tax structure.


(3)	2017 includes special item charges of $5,283 ($3,260 after-tax) for pension settlement charges and acquisition-related items including $2,314 ($1,745 after-tax) in amortization of step up in value of acquired inventories, $3,273 ($2,229 after-tax) for acquisition transaction and integration costs and a $51,585 bargain purchase gain.

(4)

2017 includes special item charges of $2,867 ($1,770 after-tax) for pension settlement charges, $6,590 ($6,198 after-tax) for rationalization and asset impairment charges, $28,616 for the net impact of the U.S. Tax Act and acquisition-related items including $2,264 ($1,708 after-tax) in amortization of step up in value of acquired inventories, $3,616 ($3,102 after-tax) for acquisition transaction and integration costs and a $1,935 adjustment to the bargain purchase gain.


(5)	The quarterly earnings per share ("EPS") amounts are each calculated independently. Therefore, the sum of the quarterly EPS amounts may not equal the annual totals.