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Quarterly Financial Summary (Tables)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Summary
Following is a summary of the unaudited interim results of operations for each quarter in the years ended December 31, 2011 and December 25, 2010.
(In millions, except per share amounts)
First
quarter
 
Second
quarter
 
Third
quarter
 
Fourth
quarter
Year ended December 31, 2011:
 
 
 
 
 
 
 
Net sales
$
636.4

 
$
669.9

 
$
602.6

 
$
676.1

Gross margin
421.5

 
450.3

 
400.9

 
449.8

Net income
55.8

 
65.1

 
10.5

 
86.9

Basic earnings per share
0.90

 
1.05

 
0.18

 
1.53

Diluted earnings per share
0.88

 
1.03

 
0.17

 
1.50

Dividends declared per share
0.30

 
0.30

 
0.30

 
0.30

Composite stock price range:
 
 
 
 
 
 
 
High
60.57

 
69.64

 
71.99

 
61.35

Low
45.18

 
57.39

 
52.50

 
49.86

Close
59.41

 
69.60

 
53.74

 
55.97

Year ended December 25, 2010:
 
 
 
 
 
 
 
Net sales
$
557.1

 
$
565.1

 
$
523.2

 
$
655.0

Gross margin
372.9

 
383.5

 
346.4

 
431.4

Net income
47.1

 
57.9

 
39.9

 
80.7

Basic earnings per share
0.75

 
0.92

 
0.64

 
1.29

Diluted earnings per share
0.73

 
0.90

 
0.62

 
1.26

Dividends declared per share
0.25

 
0.25

 
0.25

 
0.30

Composite stock price range:
 
 
 
 
 
 
 
High
49.51

 
54.15

 
44.27

 
50.46

Low
41.44

 
36.19

 
36.12

 
43.32

Close
47.77

 
40.09

 
44.04

 
48.21