Selected Quarterly Data

12 Months Ended

Nov. 30, 2015

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Data

SELECTED QUARTERLY DATA (UNAUDITED)

(millions except per share data)	First		Second		Third		Fourth
2015
Net sales	$	1,010.4	$	1,024.1	$	1,059.9	$	1,201.9
Gross profit	389.7		404.0		421.9		521.7
Operating income	93.7		103.8		138.7		212.2
Net income	70.5		84.3		97.6		149.2
Basic earnings per share	0.55		0.66		0.76		1.17
Diluted earnings per share	0.55		0.65		0.76		1.16
Dividends paid per share—
Common Stock and Common Stock Non-Voting	0.40		0.40		0.40		0.40
Dividends declared per share—
Common Stock and Common Stock Non-Voting	—		0.40		0.40		0.83
Market price—Common Stock
High	76.37		79.53		84.89		86.04
Low	71.45		68.29		76.13		77.70
Market price—Common Stock Non-Voting
High	76.78		79.61		85.20		86.03
Low	71.39		71.98		76.02		77.61
2014
Net sales	$	993.4	$	1,033.4	$	1,042.8	$	1,173.6
Gross profit	391.5		412.5		420.1		506.1
Operating income	124.6		121.7		157.3		199.4
Net income	82.5		84.5		122.9		148.0
Basic earnings per share	0.63		0.65		0.95		1.15
Diluted earnings per share	0.62		0.64		0.94		1.14
Dividends paid per share—
Common Stock and Common Stock Non-Voting	0.37		0.37		0.37		0.37
Dividends declared per share—
Common Stock and Common Stock Non-Voting	—		0.37		0.37		0.77
Market price—Common Stock
High	70.00		72.00		73.04		73.18
Low	62.80		65.57		66.00		65.90
Market price—Common Stock Non-Voting
High	70.02		72.31		73.09		74.33
Low	63.03		66.12		65.78		65.61

Operating income for the first quarter of 2015 included $28.4 million of special charges, with an after-tax impact of $19.9 million and a per share impact of $0.16 and $0.15 for basic and diluted earnings per share, respectively. Operating income for the second quarter of 2015 included $19.0 million of special charges, with an after-tax impact of $12.9 million and a per share impact of $0.10 for both basic and diluted earnings per share. Operating income for the third quarter of 2015 included $15.1 million of special charges, including $3.4 million reflected in gross profit, with an after-tax impact of $12.1 million and a per share impact of $0.09 for both basic and diluted earnings per share. Operating income for the fourth quarter of 2015 included $3.0 million of special charges, including $0.6 million reflected in gross profit, with an after-tax impact of $3.0 million and a per share impact of $0.02 for both basic and diluted earnings per share.

Operating income for the third quarter of 2014 included $2.3 million of special charges, with an after-tax impact of $1.6 million and a per share impact of $0.01 for both basic and diluted earnings per share. Operating income for the fourth quarter of 2014 included special charges of $2.9 million, with an after-tax impact of $2.1 million and a per share impact of $0.02 for both basic and diluted earnings per share.

See note 3 for details with respect to the actions undertaken in connection with these special charges.

Earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarters may not be equal to the full year earnings per share.