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SUMMARIZED QUARTERLY FINANCIAL DATA (UNAUDITED) - (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The table that follows summarizes unaudited quarterly financial data for 2014:
 
 
For the Quarter Ended
 
 
March 29
 
June 28
 
September 27
 
December 31
 
 
(Dollar amounts in millions, except per share data)
2014
 
 

 
 

 
 

 
 

Net sales
 
$
547.8

 
$
718.6

 
$
642.9

 
$
636.8

Gross profit
 
154.3

 
209.6

 
190.0

 
187.2

Selling, general and administrative expense, net
 
128.2

 
146.1

 
141.7

 
141.8

Impairment of long-lived assets and goodwill
 

 
80.4

 

 

Depreciation expense
 
9.9

 
10.5

 
11.2

 
11.6

Amortization expense (1)
 
13.6

 
16.7

 
15.2

 
16.7

Operating earnings (loss)
 
12.5

 
(32.1
)
 
33.4

 
29.1

Net (loss) earnings
 
(8.6
)
 
(46.2
)
 
4.6

 
4.6

Net (loss) earnings per share:
 
 

 
 

 
 

 
 
Basic (loss) earnings per share
 
$
(0.55
)
 
$
(2.97
)
 
$
0.29

 
$
0.29

Diluted (loss) earnings per share
 
$
(0.55
)
 
$
(2.97
)
 
$
0.29

 
$
0.29

 
(1)
Includes increases to cost of goods sold for inventory acquired in business combinations.

The table that follows summarizes unaudited quarterly financial data for 2013:

 
 
For the Quarter Ended
 
 
March 30
 
June 29
 
September 28
 
December 31
 
 
(Dollar amounts in millions, except per share data)
2013
 
 

 
 

 
 

 
 

Net sales
 
$
519.1

 
$
630.7

 
$
589.2

 
$
548.9

Gross profit
 
141.2

 
187.2

 
173.7

 
161.2

Selling, general and administrative expense, net
 
125.3

 
133.2

 
128.0

 
133.3

Impairment of long-lived assets and goodwill
 

 

 

 
4.3

Depreciation expense
 
9.0

 
9.8

 
9.8

 
12.0

Amortization expense (1)
 
11.5

 
16.5

 
13.2

 
13.4

Operating earnings
 
4.6

 
40.4

 
32.5

 
10.4

Net (loss) earnings
 
(15.1
)
 
11.5

 
4.2

 
(8.9
)
Net (loss) earnings per share:
 
 

 
 

 
 

 
 
Basic (loss) earnings per share
 
$
(0.98
)
 
$
0.75

 
$
0.27

 
$
(0.58
)
Diluted (loss) earnings per share
 
$
(0.98
)
 
$
0.73

 
$
0.27

 
$
(0.58
)


(1)
Includes increases to cost of goods sold for inventory acquired in business combinations.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The unaudited quarterly net sales, cost of products sold, gross profit and selling, general and administrative expense, net for 2014 and 2013 differ from the amounts reported in the respective Form 10-Q and the Company's 2013 Form 10-K as a result of the correction of certain immaterial amounts as follows:

 
 
2014
 
2013
 
 
Q1
 
Q2
 
Q1
 
Q2
 
Q3
 
Q4 (1)
 
Full Year (1)
 
 
(Dollar amounts in millions)
 
 
 
 
 

 
 
 
 

 
 
 
 

 
 

 
 
As reported - Net sales
 
$
550.1

 
n/a
 
n/a
 
n/a
 
n/a
 
n/a
 
n/a
As adjusted - Net sales
 
547.8

 
n/a
 
n/a
 
n/a
 
n/a
 
n/a
 
n/a
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Cost of products sold
 
$
393.2

 
$
508.8

 
$
377.6

 
$
441.6

 
$
414.1

 
$
394.1

 
$
1,627.4

As adjusted - Cost of products sold
 
393.5

 
509.0

 
377.9

 
443.5

 
415.5

 
392.0

 
1,628.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Gross profit
 
$
156.9

 
$
209.8

 
$
141.5

 
$
189.1

 
$
175.1

 
$
154.8

 
$
660.5

As adjusted - Gross profit
 
154.3

 
209.6

 
141.2

 
187.2

 
173.7

 
156.9

 
659.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As reported - Selling, general and administrative expense, net
 
$
130.8

 
$
146.3

 
$
125.6

 
$
135.1

 
$
129.4

 
$
131.2

 
$
521.3

As adjusted - Selling, general and administrative expense, net
 
128.2

 
146.1

 
125.3

 
133.2

 
128.0

 
133.3

 
519.8