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Selected Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information SELECTED QUARTERLY INFORMATION (UNAUDITED)
The Company’s fiscal year ends on December 31. Due to the fixed year end date of December 31, the first and fourth quarters each consist of approximately 13 weeks. The second and third quarters each consist of exactly 13 weeks. The first three quarters end on a Friday.
($ in millions, except per share data)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
2019:
 
 
 
 
 
 
 
 
Sales
$
659.7

 
$
712.1

 
$
659.3

 
$
720.5

 
Gross profit
363.1

 
393.6

 
367.0

 
389.4

 
Net income
37.9

 
61.5

 
62.1

 
56.1

 
Net earnings per share:
 
 
 
 
 
 
 
 
Basic
$
0.30

 
$
0.48

 
$
0.48

 
$
0.35

*
Diluted
$
0.30

 
$
0.48

 
$
0.48

 
$
0.35

*
 
 
 
 
 
 
 
 
 
2018:
 
 
 
 
 
 
 
 
Sales
$
672.6

 
$
733.4

 
$
679.5

 
$
759.0

 
Gross profit
375.5

 
423.2

 
380.9

 
422.2

 
Net income
36.6

 
78.8

 
64.1

 
51.2

 
Net earnings per share:
 
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.62

 
$
0.50

 
$
0.40

*
Diluted
$
0.29

 
$
0.62

 
$
0.50

 
$
0.40

*
* Earnings per share is computed independently for each of the periods presented. The sum of the quarterly earnings per share do not equal the total earnings per share computed for the year due to rounding.