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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Sep. 29, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Net Sales $ 417.2 $ 418.1 $ 475.3 $ 487.3 $ 505.9 $ 485.8 $ 535.4 $ 542.6 $ 1,797.9 $ 2,069.7 $ 2,255.8
Cost of products sold                 610.8 692.2 744.3
Gross margin 263.7 276.6 320.7 326.1 330.3 321.7 361.9 363.6 1,187.1 1,377.5 1,511.5
Delivery, sales and administrative expense                 999.4 1,060.5 1,159.2
Re-engineering Charges [1]                 34.7 15.9 66.0
Impairment of goodwill and intangible assets   19.7             40.0 [2] 0.0 [2] 62.9 [2]
Gains on disposal of assets [3]                 12.9 18.7 9.1
Operating income                 125.9 319.8 232.5
Interest income                 2.2 2.8 2.9
Interest expense                 41.5 46.5 46.1
Other (income) expense                 (16.8) (0.1) 4.2
Income before income taxes                 103.4 276.2 185.1
Provision for income taxes                 91.0 120.3 450.5
Net income (loss) $ (71.7) $ 7.8 $ 39.4 $ 36.9 $ 17.3 $ 39.1 $ 63.8 $ 35.7 $ 12.4 $ 155.9 $ (265.4)
Earnings Per Share:                      
Basic earnings (loss) per common share $ (1.47) $ 0.16 $ 0.81 $ 0.76 $ 0.36 $ 0.79 $ 1.26 $ 0.70 $ 0.26 $ 3.12 $ (5.22)
Diluted earnings (loss) per common share $ (1.47) $ 0.16 $ 0.81 $ 0.76 $ 0.35 $ 0.79 $ 1.26 $ 0.70 $ 0.25 $ 3.11 $ (5.22)
[1]
See Note 2 for discussion of re-engineering and impairment charges.
[2]
See Note 7 for discussion of goodwill impairment charges.
[3]
Gains on disposal of assets in 2019, 2018 and 2017 include $8.8 million, $7.1 million and $8.8 million from transactions related to land near the Orlando, FL headquarters. Included in 2019 was a $5.8 million gain from the sale of the French marketing office and included in 2018 was a $9.5 million gain from a transaction associated with a distribution facility in Japan, and $2.1 million from the Beauticontrol headquarters in Texas.