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SELECTED QUARTERLY DATA (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY DATA (Unaudited)

15.SELECTED QUARTERLY DATA  (Unaudited)

 

Selected unaudited financial data for each quarter of the last two fiscal years is presented in the table below and has been recast to reflect the spin-off of KLX for all periods presented as discontinued operations.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

 

Revenues (1)

$

644.7 

$

662.7 

$

653.8 

    

$

637.8 

 

Cost of sales

 

382.4 

 

386.9 

 

424.5 

 

 

389.0 

 

Gross profit

 

262.3 

 

275.8 

 

229.3 

 

 

248.8 

 

Net earnings (loss) (2)

 

109.0 

 

108.6 

 

102.2 

 

 

(215.5)

 

Basic net earnings (loss) per share (3)

 

1.05 

 

1.05 

 

0.98 

 

 

(2.07)

 

Diluted net earnings (loss) per share (3)

 

1.05 

 

1.04 

 

0.98 

 

 

(2.07)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Continuing Operations:

 

 

 

 

 

 

 

 

 

 

Revenues (1)

$

515.4 

$

537.6 

$

570.8 

    

$

579.5 

 

Cost of sales

 

303.7 

 

316.0 

 

332.2 

 

 

344.1 

 

Gross profit

 

211.8 

 

221.6 

 

238.6 

 

 

235.3 

 

Net earnings

 

89.9 

 

92.4 

 

92.7 

 

 

90.6 

 

Basic net earnings per share (3)

 

0.87 

 

0.90 

 

0.90 

 

 

0.88 

 

Diluted net earnings per share (3)

 

0.87 

 

0.89 

 

0.89 

 

 

0.87 

 

 


(1)

Revenues from continuing operations relate to B/E Aerospace, Inc.

(2)

Fourth quarter 2014 net loss reflects debt prepayment costs of $243.6.

(3)

Net earnings per share are computed individually for each quarter presented. Therefore, the sum of the quarterly net earnings per share may not necessarily equal the total for the year.