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Selected Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited):

The following tables provide information on Net sales, Gross profit, Net income, Earnings per share and Cash dividends declared per share by quarter (in millions, except per share data):
 
Net Sales (1)
 
Gross Profit (1)
 
Net Income (Loss) (1)
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
First Quarter
$
685.8

 
$
695.4

 
$
163.0

 
$
168.1

 
$
13.9

 
$
19.9

Second Quarter
992.5

 
960.7

 
283.4

 
262.6

 
81.2

 
73.9

Third Quarter
955.0

 
898.4

 
273.4

 
247.1

 
80.3

 
67.4

Fourth Quarter
834.1

 
812.8

 
227.6

 
225.4

 
11.2

 
44.6


 
Basic Earnings (Loss)
per Share (2)
 
Diluted Earnings (Loss) per Share (2)
 
Cash Dividends per Common Share
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
First Quarter
$
0.31

 
$
0.41

 
$
0.31

 
$
0.40

 
$
0.30

 
$
0.24

Second Quarter
1.80

 
1.51

 
1.78

 
1.49

 
0.36

 
0.30

Third Quarter
1.78

 
1.40

 
1.76

 
1.38

 
0.36

 
0.30

Fourth Quarter
0.25

 
0.98

 
0.25

 
0.96

 
0.36

 
0.30



(1) The sum of the quarterly results for each of the four quarters may not equal the full year results due to rounding.

(2) EPS for each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the fiscal year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the EPS for each of the four quarters may not equal the EPS for the fiscal year.

Summary of 2015 Quarterly Results

The following unusual or infrequent pre-tax items were included in the 2015 quarterly results:

1st Quarter. No significant unusual or infrequent items.

2nd Quarter. No significant unusual or infrequent items.

3rd Quarter. No significant unusual or infrequent items.

4th Quarter. We recorded goodwill impairment and asset impairment charges of $5.5 million and $44.5 million, respectively, to our North American supermarket display case business. Refer to Notes 4 and 5 for more information related to our impairment charges.

Summary of 2014 Quarterly Results

The following unusual or infrequent pre-tax items were 2014 included in the quarterly results:

1st Quarter. No significant unusual or infrequent items.

2nd Quarter. No significant unusual or infrequent items.

3rd Quarter. We recorded restructuring charges of $1 million for a new project to realign resources and enhance distribution capabilities. Refer to Note 16 for more information related to our restructuring activities.

4th Quarter. We recorded restructuring charges of $.6 million for our project to realign resources and enhance distribution capabilities.