Quarterly Results (Unaudited)

12 Months Ended

Mar. 31, 2011

Notes to Financial Statements [Abstract]

23.	QUARTERLY RESULTS (UNAUDITED)

The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2011. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in thousands, except per share amounts):

Fiscal 2011	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Net sales	$	357,125		$	382,271		$	367,824		$	379,985		$	1,487,205
Gross profit		207,443			225,005			216,397			225,591			874,436
Operating income		109,226			123,143			117,453			124,361			474,183
Net income from continuing operations		91,877			104,748			101,930			130,612			429,167
Net loss from discontinued operations		(2,311	)		(1,668	)		(1,154	)		(5,084	)		(10,217	)
Net income		89,566			103,080			100,776			125,528			418,950
Diluted net income per common share – continuing operations		0.48			0.55			0.52			0.65			2.20
Diluted net loss per common share – discontinued operations		(0.01	)		(0.01	)		(0.01	)		(0.03	)		(0.05	)
Diluted net income per common share		0.47			0.54			0.51			0.62			2.15


Fiscal 2010	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Net sales	$	192,949		$	226,661		$	250,099		$	278,020		$	947,729
Gross profit		96,435			123,340			145,996			168,471			534,242
Operating income		31,178			52,726			72,568			88,487			244,959
Net income		27,368			44,485			69,403			75,749			217,005
Diluted net income per common share		0.15			0.24			0.37			0.40			1.16

Refer to Note 4, Special Charges, for an explanation of the special charges in fiscal 2011 and fiscal 2010.

In the Company's quarterly report for the first quarter of fiscal 2011, the quarterly operating results were presented with certain businesses acquired in the SST acquisition presented as discontinued operations. As discussed in Note 3, the Company subsequently decided to integrate these businesses. Accordingly, the businesses have been presented as continuing operations for the year ended March 31, 2011. The adjustments to the quarterly operating results originally presented are as follows (in thousands, except per share amounts):

Fiscal 2011	Fiscal 2011 First Quarter Originally Reported			Adjustments			Fiscal 2011 First Quarter Revised
Net sales	$	320,801		$	36,324		$	357,125
Gross profit		199,443			8,000			207,443
Operating income		106,632			2,594			109,226
Net income from continuing operations		89,615			2,262			91,877
Net loss from discontinued operations		(49	)		(2,262	)		(2,311	)
Net income		89,566			---			89,566
Diluted net income per common share – continuing operations		0.47			0.01			0.48
Diluted net loss per common share – discontinued operations		---			(0.01	)		(0.01	)
Diluted net income per common share		0.47			---			0.47

- Definition

This element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.

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