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Quarterly Financial Results Quarterly Financial Results
 12 Months Ended
Jun. 30, 2017
Summarized Quarterly Results of Continuing Operations [Abstract]  
Quarterly Financial Results
NOTE 16. QUARTERLY FINANCIAL RESULTS (UNAUDITED)

Summarized quarterly results of our operations for the fiscal years ended June 30, 2017 and June 30, 2016 are as follows:

Year ended June 30, 2017
 
First
Quarter (A)
 
Second Quarter (B)
 
Third
Quarter (C)
 
Fourth
Quarter (D)
 
 
 
 
 
 
 
 
 
Revenues from continuing operations
 
$
2,916.9

 
$
2,987.3

 
$
3,410.8

 
$
3,064.8

Gross profit from continuing operations
 
$
1,173.3

 
$
1,219.5

 
$
1,499.8

 
$
1,217.6

Earnings from continuing operations before income taxes
 
$
528.7

 
$
786.2

 
$
827.9

 
$
388.4

Net earnings from continuing operations
 
$
368.7

 
$
510.9

 
$
587.7

 
$
265.8

Net earnings
 
$
368.7

 
$
510.9

 
$
587.9

 
$
265.8

Basic per common share amounts:
 
 
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
$
0.82

 
$
1.14

 
$
1.32

 
$
0.60

Diluted per common share amounts:
 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations
 
$
0.81

 
$
1.13

 
$
1.31

 
$
0.59


Year ended June 30, 2016
 
First
Quarter (E)
 
Second Quarter (F)
 
Third
Quarter
 
Fourth
Quarter (G)
 
 
 
 
 
 
 
 
 
Revenues from continuing operations
 
$
2,714.0

 
$
2,807.0

 
$
3,248.6

 
$
2,898.2

Gross profit from continuing operations
 
$
1,067.5

 
$
1,124.5

 
$
1,435.9

 
$
1,199.7

Earnings from continuing operations before income taxes
 
$
505.0

 
$
507.9

 
$
794.8

 
$
427.0

Net earnings from continuing operations
 
$
337.5

 
$
341.4

 
$
532.5

 
$
282.0

Net loss from discontinued operations
 
$
(0.9
)
 
$
—

 
$
—

 
$
—

Net earnings
 
$
336.6

 
$
341.4

 
$
532.5

 
$
282.0

Basic per common share amounts:
 
 
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
$
0.73

 
$
0.75

 
$
1.17

 
$
0.62

Diluted per common share amounts:
 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations
 
$
0.72

 
$
0.74

 
$
1.17

 
$
0.62



(A) Earnings from continuing operations before income taxes; net earnings from continuing operations; and basic and diluted EPS from continuing operations include the charge for the Service Alignment Initiative. This decreased earnings from continuing operations before income taxes by $39.9 million, net earnings from continuing operations by $24.8 million and basic and diluted earnings per share from continuing operations by $0.05.

(B) Earnings from continuing operations before income taxes; net earnings from continuing operations; and basic and diluted EPS from continuing operations include the gain on the sale of the COBRA and CHSA businesses. This increased earnings from continuing operations before income taxes by $205.4 million, net earnings from continuing operations and net earnings by $121.4 million, and basic and diluted earnings per share from continuing operations by $0.27.

(C) Earnings from continuing operations before income taxes; net earnings from continuing operations; and basic and diluted EPS from continuing operations include charges for the Service Alignment Initiative. This decreased earnings from continuing operations before income taxes by $0.6 million, and net earnings from continuing operations and net earnings by $0.4 million, and had no impact on basic and diluted earnings per share from continuing operations.

(D) Earnings from continuing operations before income taxes; net earnings from continuing operations; and basic and diluted EPS from continuing operations include charges for the Workforce Optimization Effort and Service Alignment Initiative. The combined impact decreased earnings from continuing operations before income taxes by $43.5 million and, net earnings from continuing operations and net earnings by $27.1 million and basic and diluted earnings per share from continuing operations by $0.06.

(E) Earnings from continuing operations before income taxes; net earnings from continuing operations; net earnings; and basic and diluted EPS from continuing operations include the gain on the sale of AMD. This increased earnings from continuing operations before income taxes by $29.1 million, net earnings from continuing operations and net earnings by $21.8 million, and basic and diluted earnings per share from continuing operations by $0.05

(F) Earnings from continuing operations before income taxes; net earnings from continuing operations; net earnings; and basic and diluted EPS from continuing operations include the gain on sale of a building. This increased earnings from continuing operations before income taxes by $13.9 million net earnings from continuing operations and net earnings by $8.6 million and basic and diluted earnings per share from continuing operations by $0.02.

(G) Earnings from continuing operations before income taxes; net earnings from continuing operations; net earnings; and basic and diluted EPS from continuing operations include the charge for the Workforce Optimization Effort. This decreased earnings from continuing operations before income taxes by $48.2 million net earnings from continuing operations and net earnings by $31.8 million and basic and diluted earnings per share from continuing operations by $0.07.