QUARTERLY FINANCIAL DATA (UNAUDITED)



	First ⁽¹⁾		Second ⁽²⁾		Third ⁽³⁾		Fourth ⁽⁴⁾
2018
Net sales	$	757,696	$	790,052	$	737,099	$	743,827
Gross profit	256,554		270,116		251,552		250,299
Income before income taxes	84,198		94,263		95,744		94,455
Net income	60,824		68,864		70,539		86,839
Basic earnings per share ⁽⁵⁾	$	0.93	$	1.05	$	1.09	$	1.36
Diluted earnings per share ⁽⁵⁾	$	0.92	$	1.04	$	1.07	$	1.35
2017
Net sales	$	580,897	$	626,858	$	669,491	$	747,185
Gross profit	202,663		216,311		217,881		238,252
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


(1)	2018 includes special item charges of $758 ($569 after-tax) for pension settlement charges, $10,175 ($7,870 after-tax) for rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,500 and $1,907 ($1,520 after-tax) for acquisition transaction and integration costs.

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


(2)	2018 includes special item charges of $11,542 ($10,362 after-tax) for rationalization and asset impairment charges and $788 ($675 after-tax) for acquisition transaction and integration costs.

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


(3)	2018 includes special item charges of $4,232 ($3,176 after-tax) for pension settlement charges, $2,636 ($2,575 after-tax) for rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,323 and acquisition-related items including $970 ($797 after-tax) for acquisition transaction and integration costs.

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)	2018 includes special item charges of $1,696 ($1,272 after-tax) for pension settlement charges, $932 ($841 gain after-tax) for rationalization and asset impairment charges and gains or losses on the disposal of assets, a $4,424 credit related to the U.S. Tax Act and acquisition-related items including $833 ($690 after-tax) for acquisition transaction and integration costs.

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.