Financial Information by Quarter (Unaudited)

12 Months Ended

May 29, 2011

Financial Information by Quarter (Unaudited)

Financial Information by Quarter (Unaudited)

Note 17. Financial Information by Quarter (Unaudited)

The following table presents the unaudited quarterly information for fiscal 2011 and 2010:

(In Millions, Except Per Share Amounts)			Fourth Quarter		Third Quarter		Second Quarter		First Quarter
2011
Net sales			$	374.1	$	343.9	$	390.4	$	412.0
Gross margin			$	248.8	$	228.7	$	268.9	$	292.0
Net income			$	67.1	$	59.4	$	83.5	$	88.8
Earnings per share:
	Net income:
		Basic	$	0.27	$	0.25	$	0.35	$	0.37
		Diluted	$	0.26	$	0.24	$	0.34	$	0.36
Weighted-average common and potential common shares outstanding:
		Basic		246.9		241.5		239.9		238.8
		Diluted		256.3		247.0		244.8		244.6
Common stock price – high			$	24.60	$	15.92	$	14.13	$	15.01
Common stock price – low			$	13.76	$	13.29	$	11.84	$	12.41
2010
Net sales			$	398.5	$	361.9	$	344.6	$	314.4
Gross margin			$	274.3	$	243.7	$	225.0	$	192.2
Net income			$	79.2	$	53.2	$	47.0	$	29.8
Earnings per share:
	Net income:
		Basic	$	0.33	$	0.22	$	0.20	$	0.13
		Diluted	$	0.33	$	0.22	$	0.20	$	0.13
Weighted-average common and potential common shares outstanding:
		Basic		238.0		237.3		236.6		233.6
		Diluted		243.6		242.5		241.0		237.9
Common stock price – high			$	16.00	$	15.70	$	16.20	$	15.85
Common stock price – low			$	13.12	$	13.14	$	12.52	$	11.60

               Our common stock is traded on the New York Stock Exchange. The quoted market prices are as reported on the New York Stock Exchange Composite Tape. At May 29, 2011, there were approximately 4,600 record holders of common stock. The graph showing the performance of our stock over the last five years can be found in Item 5 of this Form 10-K.