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Quarterly Financial and Market Data (Unaudited)
12 Months Ended
Dec. 31, 2012
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, 2012 and 2011 were:

 

 

 

First

 

Second

 

Third

 

Fourth

 

(In millions)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

2012

 

 

 

 

 

 

 

 

 

Net sales

 

$

400.1

 

$

399.2

 

$

391.6

 

$

387.3

 

Gross margin

 

106.4

 

105.5

 

99.2

 

95.6

 

Other (income) expense, net

 

 

(9.5

)

 

 

Operating income

 

60.6

 

73.9

 

60.0

 

54.3

 

Net income

 

39.6

 

48.0

 

39.8

 

36.9

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.40

 

$

0.48

 

$

0.40

 

$

0.37

 

Diluted

 

$

0.39

 

$

0.47

 

$

0.39

 

$

0.36

 

 

 

 

 

 

 

 

 

 

 

Market price:

 

 

 

 

 

 

 

 

 

High

 

$

26.71

 

$

27.80

 

$

26.49

 

$

27.29

 

Low

 

$

23.42

 

$

23.05

 

$

22.53

 

$

23.55

 

 

 

 

 

 

 

 

 

 

 

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