22) QUARTERLY FINANCIAL DATA (Unaudited)



					Net Earnings
			Gross					Per Share						Stock Price				Dividends
	Net Sales		Profit		Amount			Basic			Diluted			High		Low		Declared
2018
First	$	698,684	$	169,240	$	39,281		$	1.74		$	1.72		$	171.55	$	140.10	$	0.375
Second	682,405		174,999		32,960			1.47			1.46			154.60		137.90		0.375
Third (1)	678,692		164,340		4,448			0.20			0.20			157.15		135.00		0.375
Fourth (2)	697,363		149,701		17,662			0.80			0.80			141.38		103.01		0.375
Year	$	2,757,144	$	658,280	$	94,351		$	4.23		$	4.20		$	171.55	$	103.01	$	1.50
2017
First	$	637,473	$	164,605	$	38,979		$	1.73		$	1.72		$	165.20	$	135.95	$	0.375
Second	712,737		183,280		45,664			2.03			2.01			157.60		144.65		0.375
Third	680,779		163,594		35,208			1.56			1.55			160.35		140.90		0.375
Fourth (3)	714,978		170,289		(3,611		)	(0.16		)	(0.16		)	176.35		153.65		0.375
Year	$	2,745,967	$	681,768	$	116,240		$	5.16		$	5.11		$	176.35	$	135.95	$	1.50

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.

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(1)	The third quarter of 2018 included an impairment of goodwill and intangible assets totaling $14,736 after tax ($0.66 per share) and refinancing of long-term debt expenses of $11,115 after-tax ($0.50 per share).


(2)	In the fourth quarter of 2018, the Company recognized restructuring activities expenses and non-recurring asset impairment charges from exiting certain markets of $20,625 after-tax ($0.92 per share).

(3)

The fourth quarter of 2017 was impacted by the 2017 Tax Act. We remeasured our U.S. deferred income tax assets using a blended rate of 25.0% recognizing deferred income tax expense of approximately $20,372 ($0.90 per share). We also recorded a provision charge of approximately $9,890 ($0.44 per share) of income tax expense for the deemed repatriation transition tax and $11,673 ($0.51 per share) of deferred expenses related to foreign withholding taxes and U.S. state income taxes.