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Quarterly Financial and Market Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial and Market Data (Unaudited)  
Quarterly Financial and Market Data (Unaudited)

Note 21 - Quarterly Financial and Market Data (Unaudited)

 

Quarterly financial and market data for the years ended December 31, 2011 and 2010 were:

 

 

 

First

 

Second

 

Third

 

Fourth

 

(In millions)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

2011

 

 

 

 

 

 

 

 

 

Net sales

 

$

331.6

 

$

353.7

 

$

351.8

 

$

355.3

 

Gross margin

 

83.0

 

87.0

 

86.5

 

85.6

 

Other (income) expense, net

 

(5.7

)

 

2.7

 

 

Operating income

 

47.2

 

49.4

 

46.0

 

49.4

 

Net income

 

26.4

 

37.4

 

32.2

 

39.5

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.27

 

$

0.38

 

$

0.33

 

$

0.40

 

Diluted

 

$

0.26

 

$

0.37

 

$

0.32

 

$

0.39

 

 

 

 

 

 

 

 

 

 

 

Market price:

 

 

 

 

 

 

 

 

 

High

 

$

20.69

 

$

21.90

 

$

24.23

 

$

25.84

 

Low

 

$

17.58

 

$

18.78

 

$

18.07

 

$

21.34

 

 

 

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

 

 

 

 

Net sales

 

$

263.0

 

$

305.1

 

$

294.5

 

$

311.0

 

Gross margin

 

66.1

 

78.4

 

70.5

 

67.6

 

Other (income) expense, net

 

3.5

 

 

 

 

Operating income

 

23.8

 

40.5

 

34.5

 

31.0

 

Net income

 

15.8

 

23.1

 

15.6

 

22.9

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.16

 

$

0.24

 

$

0.16

 

$

0.23

 

Diluted

 

$

0.16

 

$

0.23

 

$

0.16

 

$

0.23

 

 

 

 

 

 

 

 

 

 

 

Market price:

 

 

 

 

 

 

 

 

 

High

 

$

14.44

 

$

17.28

 

$

19.21

 

$

19.08

 

Low

 

$

10.13

 

$

14.01

 

$

15.06

 

$

15.67