XML 106 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Financial Information (Unaudited) Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

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

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(1)
 
Year
 
(In thousands, except per share data)
December 29, 2019
 
 
 
 
 
 
 
 
 
Revenue
$
648,737

 
$
722,517

 
$
706,923

 
$
805,496

 
$
2,883,673

Gross profit
307,806

 
347,793

 
342,275

 
398,181

 
1,396,055

Restructuring and other costs, net
7,639

 
6,161

 
14,068

 
1,560

 
29,428

Operating income from continuing operations
53,330

 
91,735

 
78,660

 
138,248

 
361,973

Income from continuing operations before income taxes
36,765

 
71,827

 
63,254

 
65,296

 
237,142

Income from continuing operations
35,453

 
69,141

 
58,610

 
64,549

 
227,753

Loss from discontinued operations and dispositions
(41
)
 
(54
)
 
(52
)
 
(48
)
 
(195
)
Net income
35,412

 
69,087

 
58,558

 
64,501

 
227,558

Basic earnings per share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.32

 
$
0.62

 
$
0.53

 
$
0.58

 
$
2.06

Loss from discontinued operations and dispositions
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
Net income
0.32

 
0.62

 
0.53

 
0.58

 
2.06

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.32

 
$
0.62

 
$
0.53

 
$
0.58

 
$
2.04

Loss from discontinued operations and dispositions
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
 
(0.00
)
Net income
0.32

 
0.62

 
0.52

 
0.58

 
2.04

Cash dividends declared per common share
$
0.07

 
$
0.07

 
$
0.07

 
$
0.07

 
$
0.28

 
 
 
 
 
 
 
 
 
 
December 30, 2018
 
 
 
 
 
 
 
 
 
Revenue
$
643,972

 
$
703,362

 
$
674,313

 
$
756,349

 
$
2,777,996

Gross profit
292,222

 
340,140

 
332,327

 
376,250

 
1,340,939

Restructuring and other costs, net
6,578

 
—

 
6,508

 
(1,942
)
 
11,144

Operating income from continuing operations
39,935

 
88,064

 
80,202

 
115,683

 
323,884

Income from continuing operations before income taxes
28,505

 
71,708

 
78,041

 
79,429

 
257,683

Income from continuing operations
26,035

 
64,673

 
75,445

 
71,322

 
237,475

(Loss) gain from discontinued operations and dispositions
(11
)
 
(610
)
 
1,103

 
(30
)
 
452

Net income
26,024

 
64,063

 
76,548

 
71,292

 
237,927

Basic earnings per share:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.24

 
$
0.59

 
$
0.68

 
$
0.64

 
$
2.15

(Loss) gain from discontinued operations and dispositions
(0.00
)
 
(0.01
)
 
0.01

 
(0.00
)
 
0.00

Net income
0.24

 
0.58

 
0.69

 
0.64

 
2.15

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
Income continuing operations
$
0.23

 
$
0.58

 
$
0.68

 
$
0.64

 
$
2.13

(Loss) gain from discontinued operations and dispositions
(0.00
)
 
(0.01
)
 
0.01

 
(0.00
)
 
0.00

Net income
0.23

 
0.57

 
0.69

 
0.64

 
2.13

Cash dividends declared per common share
$
0.07

 
$
0.07

 
$
0.07

 
$
0.07

 
$
0.28

____________________________
(1)
The fourth quarter of fiscal year 2019 includes a pre-tax loss of $31.2 million as a result of the mark-to-market adjustment on postretirement benefit plans. The fourth quarter of fiscal year 2018 includes a pre-tax loss of $21.4 million as a result of the mark-to-market adjustment on postretirement benefit plans. See Note 1 for a discussion of this accounting policy.