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QUARTERLY FINANCIAL DATA (Unaudited)
 12 Months Ended
Dec. 26, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
21) QUARTERLY FINANCIAL DATA (Unaudited)
 
 
 
 
 
Net Earnings
 
 
 
 
 
 
 
 
 
Gross
 
 
 
Per Share
 
Stock Price
 
Dividends
 
Net Sales
 
Profit
 
Amount
 
Basic
 
Diluted
 
High
 
Low
 
Declared
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First
$
670,398

 
$
165,454

 
$
30,739

 
$
1.29

 
$
1.28

 
$
130.26

 
$
117.56

 
$
0.375

Second (1)
682,123

 
169,548

 
27,873

 
1.19

 
1.19

 
128.26

 
118.09

 
0.375

Third (2)
632,575

 
156,751

 
12,066

 
0.52

 
0.52

 
121.23

 
97.44

 
0.375

Fourth (3)
633,828

 
129,280

 
(30,561
)
 
(1.34
)

(1.34
)
 
117.94

 
93.99

 
0.375

Year
$
2,618,924

 
$
621,033

 
$
40,117

 
$
1.72

 
$
1.71

 
$
130.26

 
$
93.99

 
$
1.500

2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First
$
751,740

 
$
206,982

 
$
55,980

 
$
2.10

 
$
2.08

 
$
155.64

 
$
141.74

 
$
0.250

Second
842,599

 
220,477

 
63,976

 
2.40

 
2.38

 
163.23

 
143.02

 
0.375

Third (4)
765,668

 
199,500

 
23,559

 
0.93

 
0.92

 
155.62

 
131.68

 
0.375

Fourth
763,136

 
181,158

 
40,461

 
1.67

 
1.66

 
139.31

 
123.44

 
0.375

Year
$
3,123,143

 
$
808,117

 
$
183,976

 
$
7.15

 
$
7.09

 
$
163.23

 
$
123.44

 
$
1.375

Earnings per share are computed independently for each of the quarters. Therefore, the sum of the quarterly earnings per share may not equal the total for the year.
_______________________________
(1)    The second quarter of 2015 included costs associated with the restructuring plan (the "Plan") that was approved by
the Board of Directors in April 2015 of $9.8 million after tax ($0.42 per share).

(2)    The third quarter of 2015 included costs associated with the Plan of $6.3 million after tax ($0.27 per share) and non-
cash impairments of goodwill and trade names of $13.4 million after tax ($0.58 per share).

(3)    The fourth quarter of 2015 included costs associated with the Plan of $11.5 million after tax ($0.50 per share) and          non-cash impairments of goodwill and intangibles of $7.1 million and $19.6 million after tax (combined $1.16 per
share) related to our APAC Coatings and Access Systems businesses, respectively. In addition, the Company recorded a one time increase in its warranty reserve related to one large utility project of $11.5 million after tax ($0.50 per share) and an increase to the bad debt allowance for a large international irrigation receivable of $4.8 million after tax ($0.21 per share). Lastly, U.K. corporate tax rates were collectively reduced from 20% to 18% which reduced the value of our deferred tax assets associated with net operating loss carryforwards and certain timing differences which increased the Company's tax expense by $7.1 million ($0.31 per share).

(4)    The third quarter of 2014 included costs associated with refinancing of our long-term debt of $24.2 million after
tax ($0.95 per share) and a non-cash fair market value adjustment for Delta EMD shares of $1.4 million after tax
($.05 per share).