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Selected Quarterly Information (Unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited) 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 Quarter2nd Quarter3rd Quarter4th Quarter
2020:
Sales$547.2 $362.0 $640.5 $732.3 
Gross profit$278.4 $150.5 $340.7 $388.5 
Net income$(17.2)$(93.5)$35.6 $108.4 
Net earnings per share:
Basic$(0.11)$(0.59)$0.22 $0.68 *
Diluted$(0.11)$(0.59)$0.22 $0.64 *
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 *
* 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 or due to net losses in the first and second quarters of 2020, which exclude the dilutive impact of stock-based awards for those quarters.