Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 28, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

Selected quarterly financial information is as follows for the fiscal years ended:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter(1)(2)			Year
	(In thousands, except per share data)
December 28, 2014
Revenue	$	530,610	$	556,170	$	542,049	$	608,390		$	2,237,219
Gross profit	235,713		247,984		243,309		277,602			1,004,608
Restructuring and contract termination charges, net	2,135		742		11,092		(579		)	13,390
Operating income from continuing operations	51,762		69,637		58,776		30,567			210,742
Income from continuing operations before income taxes	40,473		60,673		47,810		20,647			169,603
Income from continuing operations	34,951		52,003		42,898		31,314			161,166
Net income	34,224		50,490		42,277		30,787			157,778
Basic earnings per share:
Income from continuing operations	$	0.31	$	0.46	$	0.38	$	0.28		$	1.43
Net income	0.30		0.45		0.38		0.27			1.40
Diluted earnings per share:
Income from continuing operations	$	0.31	$	0.46	$	0.38	$	0.28		$	1.42
Net income	0.30		0.44		0.37		0.27			1.39
Cash dividends declared per common share	0.07		0.07		0.07		0.07			0.28
December 29, 2013
Revenue	$	502,943	$	540,673	$	522,100	$	591,870		$	2,157,586
Gross profit	224,442		241,662		233,268		276,770			976,142
Restructuring and contract termination charges, net	3,310		19,247		1,124		10,211			33,892
Operating income from continuing operations	36,694		40,216		57,954		92,930			227,794
Income from continuing operations before income taxes	24,654		27,351		45,614		66,065			163,684
Income from continuing operations	32,775		27,274		40,763		73,455			174,267
Net income	32,216		27,925		40,198		66,873			167,212
Basic earnings per share:
Income from continuing operations	$	0.29	$	0.24	$	0.36	$	0.65		$	1.55
Net income	0.28		0.25		0.36		0.60			1.49
Diluted earnings per share:
Income continuing operations	$	0.29	$	0.24	$	0.36	$	0.65		$	1.54
Net income	0.28		0.25		0.36		0.59			1.47
Cash dividends declared per common share	0.07		0.07		0.07		0.07			0.28

____________________________

⁽¹⁾ The fourth quarter of fiscal year 2014 includes a pre-tax loss of $75.9 million as a result of the mark-to-market adjustment on postretirement benefit plans. See Note 1 for a discussion of this accounting policy.

⁽²⁾ The fourth quarter of fiscal year 2013 includes pre-tax income of $17.6 million as a result of the mark-to-market adjustment on postretirement benefit plans. The fourth quarter of fiscal year 2013 also includes a tax benefit of $9.2 million related to discrete items primarily for lapses in statutes of limitations and audit settlements.