XML 54 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information (Unaudited) [Abstract]  
Quarterly Financial Information (Unaudited)
20. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

 

(in millions, except per share data)

 

 

                                                                 
    2011 Quarter Ended     2010 Quarter Ended  
     Mar     Jun     Sep     Dec     Mar     Jun     Sep     Dec  

Net sales

  $ 1,115.6     $ 1,137.4     $ 1,031.5     $ 1,167.3     $ 1,062.8     $ 1,057.7     $ 965.0     $ 1,134.7  

Gross profit

    836.6       849.5       779.6       864.1       794.4       807.1       745.8       860.5  

Net earnings of Zimmer Holdings, Inc.

    208.9       203.8       191.5       156.6       205.4       165.5       191.1       34.9  

Earnings per common share

                                                               

Basic

    1.08       1.06       1.02       0.88       1.01       0.82       0.96       0.18  

Diluted

    1.08       1.06       1.01       0.87       1.01       0.82       0.96       0.18  

In the fourth quarter of 2010, we recorded certain adjustments related to prior periods that reduced net earnings by $5.0 million. The adjustments increased operating expenses by $2.9 million and increased the provision for income taxes by $2.1 million. We assessed the effects of these adjustments had they been made in prior periods to be immaterial.