Quarterly Results of Operations

12 Months Ended

Dec. 31, 2017

Quarterly Results of Operations

15. Quarterly Results of Operations (Unaudited)

(dollars in millions, except per share amounts)
	1st Quarter				2nd Quarter				3rd Quarter				4th Quarter
	2017		2016		2017		2016		2017		2016		2017		2016
Net sales	$	740.0	$	636.9	$	738.2	$	667.0	$	749.9	$	683.9	$	768.6	$	698.1
Gross profit		302.3		262.7		305.9		283.7		306.7		283.3		323.8		289.6
Net earnings		87.7		73.5		92.4		87.1		93.7		83.2		22.7		82.7
Basic earnings per share		0.51		0.42		0.53		0.50		0.54		0.48		0.13		0.48
Diluted earnings per share		0.50		0.41		0.53		0.49		0.54		0.47		0.13		0.47
Common dividends declared		0.14		0.12		0.14		0.12		0.14		0.12		0.14		0.12

Net earnings per share are computed separately for each period, and therefore, the sum of such quarterly per share amounts may differ from the total for the year.

In the fourth quarter of 2017, the Company recorded provisional one-time charges of $81.8 million associated with U.S. Tax Reform, primarily related to the repatriation of undistributed foreign earnings. These charges reduced earnings per share by $0.47.